Shares of Persimmon PLC (LON: PSN) have gained more than 6% on media reports that the UK government is considering tax cuts to support the troubled economy. Persimmon share price hit a new 4-week high on this news. Fundamental analysis: Rishi Sunak, British Finance Minister, is considering the next steps to help the troubled economy. According to reports, the Chancellor will most likely announce the lifting of the property tax threshold to £500,000 from £125,000, at which the stamp duty is applied. “A stamp duty holiday would provide welcome financial relief for millions of people, including first-time buyers,” said Tom
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