News
Welsh Conservatives pledge to scrap Welsh stamp duty
THE PARTY says abolishing Land Transaction Tax would boost home ownership, but critics warn it could cut funds for public services
The Welsh Conservatives have announced plans to abolish Land Transaction Tax (LTT) on primary residences if they form the next Welsh Government.
The proposal follows UK Conservative leader Kemi Badenoch’s pledge to remove stamp duty for homebuyers in England. In Wales, LTT serves as the equivalent property purchase tax and currently raises around £147 million a year from ‘main rate residential’ sales.
Welsh Conservative Leader Darren Millar MS said the tax “saps aspiration” and must be scrapped to help young people onto the housing ladder and stimulate the Welsh economy.
“The aspiration-sapping Welsh stamp duty must be scrapped to get our housing market and economy moving, and to give people the dignity of owning their own home,” said Mr Millar.
“I want Wales to be a home-owning democracy where everyone has a stake in their local community, and more money in their own pockets.”
He added that the party would use part of the £400 million in unallocated funding announced by the Welsh Finance Minister for next year’s budget to offset the cost of abolishing the tax.
Welsh Conservative housing spokesperson Joel James MS said the current system “stands in the way of mobility in our housing market.”
“Home ownership is out of reach for far too many young people and Land Transaction Tax stands in the way. It must be abolished, and we will abolish it,” he said.
However, opponents have questioned the move, warning that scrapping LTT could reduce funds available for schools, hospitals and local government.
Labour ministers argue that the tax helps fund essential public services and that targeted support, rather than tax cuts, is a fairer way to address housing affordability.
The Welsh Government has not yet responded directly to the proposal, but has previously said that LTT ensures those buying higher-value properties make a fair contribution to public finances.
Crime
Man accused of Currys theft spree linked to Haverfordwest store
Defendant remanded in custody as court hears allegations spanning Wales and South West England
A MAN accused of carrying out a series of high-value thefts from Currys stores across Wales and South West England has appeared before magistrates in connection with an alleged offence in Haverfordwest.
Ilia Patchkoria, aged 27, of no fixed abode, appeared before Llanelli Magistrates’ Court facing multiple theft allegations involving electrical goods worth tens of thousands of pounds.
Among the charges is an allegation that Patchkoria stole items worth £1,525 from the Currys store in Haverfordwest on May 23 this year.
The court heard that the Haverfordwest incident forms part of a wider series of alleged offences said to have taken place at Currys stores across Wales and England.
Other charges relate to alleged thefts at stores in Carmarthen, Barnstaple, Plymouth, Truro, Penzance and Torquay. The total value of the goods involved in the various allegations runs into many thousands of pounds.
According to the court register, the largest single alleged theft took place at the Carmarthen branch, where goods valued at more than £7,600 are said to have been taken.
Patchkoria indicated guilty pleas to some matters before the court. Magistrates ordered that he be remanded in custody while proceedings continue.
The case has been adjourned until July 2, when it is due to return before Llanelli Magistrates’ Court.
It is not yet known precisely what items were allegedly taken from the Haverfordwest store, although Currys outlets typically stock a range of high-value electrical goods including laptops, mobile phones, gaming consoles and household technology.
No verdicts have been reached in relation to the outstanding allegations.
The Herald has approached Currys for comment on the alleged Haverfordwest theft and to establish whether the incident caused any disruption to customers or store operations.
Photo caption: Currys in Haverfordwest was among several stores allegedly targeted in a cross-country theft spree (Pic: Herald).
News
Tragic tribute paid to Haverfordwest man after A4075 collision
FAMILY REMEMBERS “KIND AND LOVING” CALLUM HANSON
THE FAMILY of a 22-year-old man from Haverfordwest who died following a road traffic collision have paid tribute to their “kind and loving” son, brother and grandson.
Callum Hanson sadly passed away in hospital on Wednesday (Jun 17) after a collision on the A4075 near Cross Hands, Pembrokeshire.
In a tribute released through Dyfed-Powys Police, his family said Callum lived life to the fullest despite his own personal challenges.
They said he was a deeply caring person who had spent the last month looking after his grandad, who also recently passed away.
Callum had a passion for gaming and motorbikes, and was training to become a mechanic at college.
He will be remembered by his mum Joanne, dad Carl, sister Kacey, nan Heather, girlfriend Emily, and his wider family and friends.
The family have asked for privacy at this difficult time.
Police are continuing to appeal for witnesses. Officers want to hear from anyone who was travelling on the A4075 between Canaston Bridge and Yerbeston at around 6:15pm on Wednesday (Jun 17).
Anyone with information can contact Dyfed-Powys Police online, by emailing [email protected], or by calling 101, quoting reference 362 of June 17.
Business
Business insolvencies fall but Welsh firms still under pressure
INSOLVENCY figures fell in May, but businesses across Wales remain under serious financial pressure, according to restructuring specialists.
Official figures show there were 1,868 corporate insolvencies in May 2026, down 10.5% from April and 16.3% lower than in May last year.
Andy McGill, restructuring and insolvency partner at Azets, which has offices in Cardiff, Swansea and St Asaph, said the fall was welcome but should not be mistaken for a sign that firms are out of difficulty.
He said: “Directors running out of fight, firepower and finance is still a problem, and creditors remain willing to turn to the courts to recover monies owed — and neither of these are going to change in the short term.
“The reality is that despite the fall in insolvencies compared to last month and last May, numbers are still high and businesses are still struggling, with many facing an uncertain future.”
Mr McGill said firms were being hit by a combination of geopolitical uncertainty, rising costs, political instability, a lack of affordable finance and creditors chasing overdue debts.
He added: “Unless the climate becomes easier and some way is found of lightening the cost load on businesses, it’s likely demand for advice and support will remain high in the coming weeks and months.”
Cost pressures continue
BUSINESSES are also facing rising employment costs, higher business rates and renewed pressure from energy bills.
Mr McGill said many firms were being “sandwiched” between their own higher costs and customers cutting back on spending.
He said the hospitality, retail and construction sectors remained among the hardest hit.
He added: “The fact that several household names have entered restructuring or insolvency processes recently shows the strain on the restaurant sector is becoming unbearable as the double blow of increased expenses and cautious consumers continues to affect it.
“Despite a rise in footfall and sales, retailers continue to be crushed by costs.”
He also pointed to the planned restructuring of TG Jones as evidence that even long-established high street names were not immune from financial distress.
Construction firms under strain
THE construction industry continues to face pressure from rising labour costs, higher material prices and late payment.
Mr McGill said tight margins and cashflow difficulties were pushing more firms towards financial distress.
He said: “Our advice to anyone who is worried about their business is to pick up the phone and speak to an adviser.
“It’s incredibly hard to voice your concerns about your finances, but the earlier you do, the more potential solutions you have open to you and the more time you have to consider how you move forward.”
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