Financial Times FT.com

Stamp duty holiday unveiled

By George Parker in London

Published: September 3 2008 03:00 | Last updated: September 3 2008 03:00

Gordon Brown on Tuesday unveiled a package of measures designed to breathe life into Britain's moribund housing market, as he embarked on a month-long effort to revive his faltering premiership.

But the measures - costed by the government at £1.6bn ($2.85bn, €2bn) - were deemed by property experts as insufficient to stem the collapse in house prices, which has fuelled voter anxiety and hostility to the government.

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