Euroglaze Welcomes Stamp Duty Extension

5^th March 2021

A £100bn savings mountain and a three-month extension to the stamp duty holiday are the clearest signals yet that we can expect demand in the retail market to continue at current levels for quite some time yet.

That’s the view of Martin Nettleton, Managing Director or Barnsley based trade fabricator Euroglaze, who says that fenestration market has much to be pleased about in Rishi Sunak’s budget.

He says: “There was a risk that the housing market might dip if the stamp duty holiday was abruptly withdrawn – and we now have certainty that won’t happen. The Chancellor was obviously keen to maintain buyer confidence at least until we get to the end of the current restrictions, and I think he has largely achieved that."

“Growth this year is predicted at 4% and next year at 7%, which would see the economy return to pre-pandemic levels. There’s obviously a huge amount of public debt to be cleared, but with Rishi signalling that he intends to continue investing for growth rather than taxing hard and fast to balance the books at this stage, I think we should all be feeling pretty positive about the outlook for our market in 2021.”

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