01/11/2024 08:59
The Guardian
Live, rolling coverage of business, economics and financial markets as investors weigh implications of Rachel Reeves’s budgetChanges to stamp duty by Rachel Reeves in the budget mean we should expect a rush of UK property transactions in the new year until the end of March, according to Nationwide.That will probably be followed by a period with fewer transactions in the months afterwards.The main impact of the stamp duty changes is likely to be on the timing of property transactions, as purchasers aim to ensure their house purchases complete before the tax change takes effect.This will lead to a jump in transactions in the first three months of 2025 (especially March), and a corresponding period of weakness in the following three to six months, as occurred in the wake of previous stamp duty changes.Abbott and Reckitt unit Mead Johnson are not responsible for a young boy’s debilitating intestinal disease, a jury found on Thursday in a lawsuit accusing them of failing to warn of their premature baby formulas’ risks, a victory for the two companies following large losses in similar trials.At the five-week trial in St. Louis, Missouri state court, lawyers for plaintiff Kaine Whitfield had urged jurors to award more than $6.2 billion. Continue reading...
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