For Sale signs outside houses
Media playback is unsupported on your device
Video

Autumn Statement: OBR warns house sales 'could rise' with stamp duty changes

Changes to stamp duty outlined in the chancellor's Autumn Statement could lead to a rise in house prices in some areas, the Office for Budget Responsibility (OBR) has said.

Robert Chote said that the OBR forecast that the changes would eventually lead to a 1% increase in the number of house sales.

George Osborne announced the new graduated rate of stamp duty, to come into effect from midnight.

Go to next video: 'Complete reform' of stamp duty tax