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Discussions about taxation are rarely sexy but often necessary, given that some taxes negatively affect the labor market and thereby reduce long-term economic growth.
One of the more harmful taxes in the U.K is the stamp duty, a tax on buying property. By making housing even less affordable, especially in areas with elevated prices, the tax disincentives workers from moving to where the most productive jobs are. In fact, internal labor mobility in the U.K. is following exactly the opposite pattern of what a healthy labor market should look like: There is a flight from large cities like London to