Category Archives: Economical / Financial World

Read about Thoughts on the Spring Budget 2021 – still a little ‘Father Christmas’ but, thankfully, less ‘Mr Scrooge’

Response to the Chancellor’s Budget, November 2017

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The abolition of Stamp Duty for first time buyers up to £300,000 is a very good initiative, however, whilst it is a very welcome £5000 gift for these vulnerable groups, it never the less may serve to ‘stoke up’ the market at the lower end, which could perversely, work against them.

The former Chancellor Osborne, reduced Stamp Duty at the lower end which exacerbated inflation in this sector from circ 5-8%, particularly in London, and this served to disenfranchise buyers at this end of the market since their deposits were not rising at the same pace as prices. Continue reading →

What a disastrous election result not only for the Tory’s but for Britain

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We are now left with a Government in office but not in power. I’m afraid it was the battle of the manifestoes and Disney triumphed over reality!

I thought that the British electorate would see through the thinly veiled Labour Manifesto as the modern version of ‘Willy Wonker’s Chocolate Factory’ with more bribes than you can ‘shake a stick at’, but you know what they say about ‘fooling all the people all the time’! Since Mr. Corbyn was never going to get power, he was going to use the age-old trick of ‘handing out the sweeties’ to grab the youth vote and by golly they came in droves, like lemmings.

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Capital Gains Tax on ones Personal, Private, Residences (PPR) above £5million is being ‘floated’ by the Torys

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The press has mooted the idea of Capital Gains Tax on ones PPR above £5million. Usually in these circumstances there is no ‘smoke without fire’. Were this ‘fool hardy’ idea to be incorporated in the first Budget of the new Tory administration, were they to be elected, this would be the first time that any government has had the temerity to trounce on the sacred ground of the middle to upper classes. It unquestionably would be another ‘bash’ against London residents, which, lets face it, is hardly a Tory heartland, since it is has been historically left leaning.
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