"Higher taxes on landlords introduced by the Government are unlikely to cool rampant demand for buy-to-let investments, according to Bank of England research.

In a sign that policymakers could take further action to rein in the market, the Bank said tax changes, including the introduction of a 3pc stamp duty surcharge on buy-to-let purchases and second homes last month, would not ""on their own"" lead to a ""substantial reduction"" in purchases over the long run."

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