According to this article the government is reviewing the stamp duty break for first time buyers. Currently first time buyers can take advantage of a two year stamp duty holiday on properties up to the value of £25,000. The stamp duty holiday was granted by the Labour Chancellor Alistair Darling in his pre-election budget. It had been thought that the Conservatives would make it permanent if they were elected but it now seems they are thinking of axing the break instead. They have now said they will review the stamp duty tax relief taking into account affordability and value and money and this statement has led to the speculation that it will be axed.