With Brits bracing themselves for the harsh economic measures anticipated in the autumn statement – measures which Prime Minister Sir Keir Starmer has already hinted will be “painful”—Barclays is pushing for targeted relief to support future generations.

The bank has appealed to Chancellor of the Exchequer, Rachel Reeves, to consider reducing the stamp duty for older Britons aiming to move to smaller residences.

Stamp duty currently applies to properties over £250,000, or £425,000 for…