The Chancellor needs to look at stamp duty in the £1 million to £3 million price bands to ensure that people who want to buy a family home in London are not penalised to the extent that they think twice about moving. The current stamp duty arrangements at the top end of the market are also acting as a disincentive to sell. This has not only hit tax revenues but has also had a major impact on related industries, from construction, to furnishings and all services related to buying a home.