Homebuyers in London’s two most expensive boroughs paid a record £1bn in stamp duty last year — 10 times higher than for the whole of the northeast of England, according to new figures.
People buying in the boroughs of Westminster and Kensington and Chelsea paid £594m and £447m respectively, an increase of £120m in a year.
The tax figure highlights the divide between the capital and the rest of the country. Stamp duty for the northeast of England was £105m, Wales was £160m, the northwest was £455m and Yorkshire and the Humber was £310m.
