"Figure 5: The effect of isolating the residential component of Stamp Duty expenditure has had the expected impact of dampening the percentage growth of OOH(NA), whether it is rising or falling","" "UK, January 2006 to December 2019","" "","" "Notes","" "Unit","%" "","" "Period","OOH(NA) - before improvements","OOH(NA)","Difference - no stamp duty aggregation","Difference - residential stamp duty expenditure" "Jan-06","3.5","3.7","0","0.2" "Feb-06","3.4","3.6","0","0.2" "Mar-06","3.7","3.8","0","0.2" "Apr-06","4.4","4.3","0","-0.1" "May-06","4.7","4.6","0","-0.1" "Jun-06","4.5","4.4","0","-0.1" "Jul-06","4.7","4.5","0","-0.1" "Aug-06","5.7","5.5","0","-0.2" "Sep-06","6.1","5.8","0","-0.2" "Oct-06","6.3","6.1","0","-0.2" "Nov-06","6.6","6.3","0","-0.2" "Dec-06","7.1","6.8","0","-0.3" "Jan-07","7.2","6.9","0","-0.2" "Feb-07","7.6","7.3","0","-0.2" "Mar-07","7.6","7.3","0","-0.3" "Apr-07","7.5","7.1","0","-0.4" "May-07","7.4","7","0","-0.4" "Jun-07","7.9","7.5","0","-0.4" "Jul-07","8.3","7.8","0","-0.5" "Aug-07","7.7","7.2","0","-0.5" "Sep-07","7.6","7","0","-0.5" "Oct-07","7.3","6.8","0","-0.5" "Nov-07","7.1","6.6","0","-0.5" "Dec-07","6.3","5.9","0","-0.4" "Jan-08","6.1","5.8","0","-0.3" "Feb-08","4.7","4.5","0","-0.2" "Mar-08","4.1","3.9","0","-0.2" "Apr-08","3.5","3.4","0","0" "May-08","3.2","3.1","0","-0.1" "Jun-08","2.3","2.4","0","0.1" "Jul-08","1","1.3","0","0.3" "Aug-08","0","0.5","0","0.5" "Sep-08","-2.1","-1.1","0","1" "Oct-08","-3.4","-2.3","0","1.1" "Nov-08","-4.7","-3.5","0","1.3" "Dec-08","-6.3","-5","0","1.3" "Jan-09","-7.6","-6.3","0","1.3" "Feb-09","-7.2","-6","0","1.2" "Mar-09","-8.1","-6.8","0","1.3" "Apr-09","-8.6","-7.3","0","1.3" "May-09","-8.5","-7.3","0","1.3" "Jun-09","-7.9","-6.8","0","1" "Jul-09","-7.3","-6.4","0","0.9" "Aug-09","-6","-5.3","0","0.7" "Sep-09","-4","-3.9","0","0.1" "Oct-09","-2.1","-2.2","0","-0.1" "Nov-09","-0.7","-0.9","0","-0.2" "Dec-09","1.2","0.9","0","-0.3" "Jan-10","3.9","3.2","0","-0.7" "Feb-10","4.4","3.7","0","-0.7" "Mar-10","5.6","4.8","0","-0.8" "Apr-10","7","6","0","-1" "May-10","7.2","6.4","0","-0.8" "Jun-10","7","6.3","0","-0.7" "Jul-10","7.3","6.6","0","-0.7" "Aug-10","6.7","6.1","0","-0.6" "Sep-10","6.4","5.8","0","-0.6" "Oct-10","5.2","4.8","0","-0.4" "Nov-10","5.2","4.8","0","-0.4" "Dec-10","4.6","4.2","0","-0.4" "Jan-11","3.7","3.6","0","-0.1" "Feb-11","3.6","3.5","0","-0.1" "Mar-11","3.7","3.6","0","-0.1" "Apr-11","3.2","3.1","0","0" "May-11","2.4","2.5","0","0.1" "Jun-11","2.1","2.1","0","0.1" "Jul-11","2.1","2.1","0","0.1" "Aug-11","1.9","2","0","0" "Sep-11","1.8","1.9","0","0" "Oct-11","2.2","2.2","0","0" "Nov-11","2.1","2.1","0","0" "Dec-11","2.3","2.3","0","0" "Jan-12","1.4","1.5","0","0" "Feb-12","1.7","1.6","0","-0.1" "Mar-12","1.3","1.3","0","0" "Apr-12","2","1.9","0","-0.1" "May-12","1.8","1.7","0","-0.2" "Jun-12","2.3","2.1","0","-0.2" "Jul-12","2","1.9","0","-0.2" "Aug-12","1.4","1.3","0","-0.2" "Sep-12","1.4","1.3","0","-0.1" "Oct-12","1.3","1.1","0","-0.2" "Nov-12","1.1","0.9","0","-0.2" "Dec-12","1.5","1.3","0","-0.2" "Jan-13","1.3","1.1","0","-0.2" "Feb-13","0.9","0.7","0","-0.2" "Mar-13","1.3","1","0","-0.3" "Apr-13","0.8","0.6","0","-0.2" "May-13","0.8","0.6","0","-0.2" "Jun-13","0.7","0.5","0","-0.2" "Jul-13","0.7","0.5","0","-0.2" "Aug-13","1.4","1.1","0","-0.2" "Sep-13","1.6","1.4","0","-0.3" "Oct-13","1.7","1.5","0","-0.2" "Nov-13","2","1.7","0","-0.2" "Dec-13","2","1.7","0","-0.3" "Jan-14","2.6","2.3","0","-0.3" "Feb-14","3","2.7","0","-0.3" "Mar-14","3.3","2.9","0","-0.3" "Apr-14","3.2","2.8","0","-0.4" "May-14","4","3.6","0","-0.4" "Jun-14","4.4","4","0","-0.4" "Jul-14","4.5","4.1","0","-0.5" "Aug-14","4.8","4.4","0","-0.5" "Sep-14","4.7","4.2","0","-0.4" "Oct-14","4.8","4.3","0","-0.5" "Nov-14","4.6","4.1","0","-0.4" "Dec-14","2","2.3","0","0.2" "Jan-15","1.8","2","0","0.2" "Feb-15","2.2","2.3","0","0.1" "Mar-15","1.2","1.5","0.1","0.2" "Apr-15","1.3","1.6","-0.1","0.4" "May-15","1.2","1.4","0","0.3" "Jun-15","0.5","0.9","0","0.3" "Jul-15","0.9","1.2","0","0.3" "Aug-15","0.5","0.8","0","0.3" "Sep-15","0.9","1.1","0","0.2" "Oct-15","0.6","0.9","0","0.3" "Nov-15","1.6","1.8","0","0.2" "Dec-15","4","3.6","0","-0.5" "Jan-16","4.2","3.8","0","-0.5" "Feb-16","3.7","3.4","0","-0.3" "Mar-16","4.5","3.9","-0.1","-0.5" "Apr-16","4.5","4.2","0.1","-0.4" "May-16","3.8","3.5","0","-0.4" "Jun-16","4.7","4.2","0","-0.5" "Jul-16","4.6","4.2","0","-0.4" "Aug-16","4.1","3.9","0","-0.2" "Sep-16","3.6","3.4","0","-0.2" "Oct-16","4.1","3.8","0","-0.3" "Nov-16","3.2","3","0","-0.2" "Dec-16","3.2","3.1","0","-0.2" "Jan-17","4","3.6","0","-0.4" "Feb-17","3.9","3.5","0","-0.4" "Mar-17","4","3.7","0","-0.3" "Apr-17","4.1","3.6","0","-0.5" "May-17","4.4","3.9","0","-0.4" "Jun-17","3.9","3.5","0","-0.4" "Jul-17","3.7","3.3","0","-0.4" "Aug-17","4.4","3.9","0","-0.5" "Sep-17","4.5","4","0","-0.4" "Oct-17","4.5","4","0","-0.5" "Nov-17","4.2","3.9","0","-0.3" "Dec-17","2.5","2.5","0","0.1" "Jan-18","1.9","2.1","0","0.2" "Feb-18","1.8","2.1","0","0.2" "Mar-18","1.4","1.7","0","0.3" "Apr-18","1.2","1.6","0","0.4" "May-18","1.2","1.5","0","0.3" "Jun-18","1.2","1.5","0","0.3" "Jul-18","1.1","1.5","0.1","0.3" "Aug-18","0.7","1.2","0.1","0.4" "Sep-18","0.8","1.2","0.1","0.4" "Oct-18","0.5","1","0.1","0.4" "Nov-18","0.8","1.2","0.1","0.3" "Dec-18","2","2","0.1","0" "Jan-19","1.5","1.5","0","0.1" "Feb-19","1.4","1.7","0","0.3" "Mar-19","1.3","1.4","0","0.1" "Apr-19","1.3","1.4","0","0.2" "May-19","1.3","1.5","0","0.2" "Jun-19","1.1","1.3","0","0.2" "Jul-19","0.9","1.2","0","0.3" "Aug-19","1.2","1.5","0","0.2" "Sep-19","1.4","1.5","0","0.2" "Oct-19","1.3","1.5","0","0.2" "Nov-19","1.2","1.3","0","0.1" "Dec-19","1.7","1.5","0","-0.2"