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By Sophie Smith, personal finance reporter

Boris Johnson is reportedly planning to overhaul the stamp duty system if he becomes prime minister. Mr Johnson wants to raise the threshold for paying the levy from its current level of 125,000 to 500,000, at the same time as lowering the top rate from 12pc to 7pc.

His supporters say the reforms would lift entire towns and demographics out of paying stamp duty and breathe new life into the housing market.

Telegraph Money reporter Sam Meadows agrees that our stamp duty system needs to be knocked down and rebuilt from scratch – and from the response from readers it seems others agree. Simon Coulter said: "The whole thing is a tax on social mobility and property turnover and should be scrapped."

It’s not entirely clear yet how Boris’s suggestion would play out – and, in any case, it has been proposed only as part of a no-deal Brexit emergency Budget – but it would lead to significant savings for all home buyers. Property editor Isabelle Fraser has crunched the numbers here.

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Ken Chisholm said about Widows suffer 66pc income drop under new state pension: "Yet another illustration of how annuities are extremely poor value. Go with a Sipp and the survivor carries on with the same income generated by the pot. Simples!"

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