When you are up to your lower lip in a barrel of sewage, what do you whisper? “Don’t make waves!”

‘Labour isn’t working’ was the famous advert strapline that won the Conservatives the 1978 Election. It is still relevant today, as the Party goes on an economic wrecking spree, leaving a trail of fiscal ineptitude behind them. It is becoming clearer by the minute that our Chancellor knows as much about finance as my pet does about nuclear fusion and her naivety is causing much distress across many demographic groups.

If an election were held tomorrow – for some, it couldn’t come soon enough – YouGov* predicts the following results:
Reform UK in front for the first time, although the 1pt lead is within the margin of error.
Reform: 25% (+2 from 26-27 Jan)
Labour: 24% (-3)
Conservative: 21% (-1)
Lib Dem: 14% (=)
Green: 9% (=)
SNP: 3% (=) https://t.co/eerJuTozLI

In a remarkably short time Labour has managed to upset the pensioners, the farmers, the disabled, the employed, the unemployed, the Non-doms, the parents of private school pupils, the Unions and anyone else whose paycheck is suffering ‘end-of-the-month-itis’. Which is pretty much all of us!

Sharpening the ‘eating irons’

As if this is not enough, amongst the chattering classes it is rumoured that they are sharpening their ‘eating irons’ in-order to have a tax grab, aimed at the wealthy and high earners, in the autumn Budget this year.

Lest we forget that in 1980, the top 1% of earners paid 11% of the total tax take but this has risen to 29% today. Britain has some of the highest property taxes in the world and the average council tax bill will soon be £1770 in England, which is up by 64% from 2015. 60% of all income tax is paid by those earning £70,000 or more and these are the ‘geese that are laying the golden eggs.’

I am a believer that there should be two more bands on Council Tax at the higher end. A wealth tax of say 2%, would be an economic and societal car crash.

A drop in a very large economic bucket

Like Christmas TV repeats, or the flu, a wealth tax comes round on a regular basis and each time it has collapsed in a heap.

In 1990, twelve of the 36 OECD countries had a wealth tax and by 2017, this had gone down to just five. When the Spanish tried it, they raked in a paltry 0.5 billion euros. Compared to behemoths such as Capital Gains or National Insurance, it’s a mere drop in a very large economic bucket. It’s also expensive to administrate, because the rich are adept at moving their money elsewhere or investing in property.

The truth is that the Exchequer will earn 100% of nothing from penalising the Non-doms and private schools. If anything, it’ll cost Reeves money to implement these follies, demonstrating the triumph of left-wing political dogma over fiscal pragmatism.
Slough of despond

We are more likely to end up in the slough of despond and lower employment, productivity, and growth than the sunny uplands of prosperity. As the somewhat naïve Chancellor is finding out to her dismay, there is nothing more ultra-mobile than the ultra-wealthy. Those who can, will move to fiscally more attractive climes such as Italy, Monaco, Cyprus, and Dubai who welcome high-net-worth individuals. Before you know it, London will be a ravaged husk of its former self.

Labour needs only to look at the examples of New York and California, where high taxes have degraded these former shining beacons of affluence, run down by their self-righteous, virtual signaling, Democrat governors and mayors. Whilst their financial infrastructure collapses, the wealthy have voted with their Gucci-clad feet and run to the fiscal safe havens of Texas, Arizona, and Florida, which are only too happy to have them.

Golden visa programme

Trump has just announced a ‘golden visa’ programme whereby wealthy entrepreneurs can become US tax residents, paying only taxes on the money earnt in the USA, if they part with $5million of their booty.

Apparently, this innovative idea will raise $billions for the US Treasury and why on earth don’t we ape this ingenious proposal for the UK?

And, whilst on the subject of Trump; do I hear the cacophonous squeals of outrage and indignation from the ‘blue bloods’ of the economic world as the penal tariffs are being thrown around the world like confetti, whilst the WTO rule book is being incinerated?

The predictable cataclysmic falls in the capital markets tells us that they certainly do not like tariffs wars, in any shape or form, no siree. Their fears of higher inflation and a recession are palpable.

However, as the expression goes, ‘don’t take the orange artful dodger from Mare Largo literally, take him seriously’.

Everyone knows (including even the Don!) that long-term tariffs are mutually harmful for trading countries, but as a short-term tactic to reset some historic imbalances, you never know, it may work a treat for the USA. Already certain countries are acquiescing, and, for instance, it won’t take long before the flabby EU bureaucrats will crack under the pressure and show some contrition, which will result in a reform of the trading arrangements between them and the USA.

Let’s face it, in order to break up some of these historic, arthritic, fiefdoms, you’re not going to do it by ‘tinkling a bell’ and asking politely. Instead, you need to metaphorically ‘throw a grenade into the shopping mall’, to get a reaction and by golly, he has certainly done that.

You could argue why bother to spend all day fly fishing when in the alternative you could throw Semtex into the river and hey presto, all the fish come to the surface which you can hoover up. It’s not pretty, but it works.

Foolhardy Stamp Duty changes

Back at the ranch in the UK, the foolhardy Stamp Duty changes imposed by the self-congratulatory former Chancellor Osborne in 2014 has ensured that residential prices at the higher end of London have stagnated, if not fallen, with little chance of revival in the future.

The ONS predicts that mortgage interest rates will rise over the next five years, making it even more difficult for house-buyers and leaving the market in a state of suspended animation.

Angela Rayner’s genius idea is to encourage a collapse of the Residential Property market, which according to her, will make homes more affordable for some but leave others with the scourge of negative equity. May I suggest that she should cancel her subscription to The Beano!

Showbiz for ugly people

The government has forgotten that their job is to carry out the will of the people. We give them the mandate through our vote, but I don’t know anyone who wants to be poorer. Our rulers are impelled by a perverse drive to deliberately cross the road and slip on a banana skin.

The Labour Party has become ‘showbiz for ugly people’ and they don’t seem to care about the implications of their policies. No one is safe from their predations.

The Chancellor’s fanatical adherence to fiscal rules at the expense of the good of the Country, means that she’s become an object of ridicule even amongst stalwart cabinet ministers and Union leaders, let alone the wider Labour Party supporters.

We all know that the lack of the elusive growth for the UK stems from the thoroughly imprudent Budget last year, where they sucked £40billion in additional taxes from commerce but I am sure that this will be blamed on the tariffs as the Chancellor tries to escape responsibility from her actions, Houdini style.

Brexit dividends flow

Whilst on the subject, the Brexit dividends are now flowing thick and fast, since we have half the tariff rate as our counterparts on the continent of Europe and there is every chance that even these will fall away if the much-heralded trade agreement is sorted with America.

Isn’t it a good thing that our service sector makes up 85% of our economy, which is tariff free?

There is even talk about accelerating the trade deal with India which will certainly be good for the UK if it happens, and another Brexit gain.

Since the Prime Minister is bereft of any economic strategy there is talk of him recruiting a Sir Alan Walters-lookalike (who was Margaret Thatcher’s chief economic adviser in the ’80s) but I am wondering if the mantra ‘none so blind as those who do not want to see’ is going to prevail.

Ringing in our ears will be the old adage, ‘when you are up to your lower lip in a barrel of sewage… don’t make waves!’

Trevor Abrahmsohn, Glentree International

*YouGov X reference

Luxury Freehold Homes In London: A Smart Investment in 2025

Freehold ownership is increasingly becoming the top choice for property buyers in London, with buyers increasingly prioritising long-term security over short-term savings. Despite leasehold properties often being more affordable, many are actively seeking freehold homes instead. But what’s driving this surge in demand? Is it just a passing trend or a brilliant investment move? Let’s explore the reasons behind the growing hype around luxury freehold properties and whether they’re worth the premium.

Why Freehold Properties Are a Smart Investment in 2025

Freehold properties are a wise investment for several reasons.

  • Unlike leasehold properties, which have numerous lease restrictions, require ground rent payments, and depend on a landlord, freehold properties do not have such terms.
  • With freehold properties, you have no lease restrictions, pay zero ground rent, and are not dependent on a landlord.
  • Also, a hidden golden gem of freehold properties is that their prices increase over time. One can build generational wealth and a legacy investment with freehold homes, which can be passed down without lease renewal concerns.

Freehold properties have many other advantages—life ownership, no renewal costs, no landlord or leaseholder interference, and they are easier to sell and transfer. However, one may wonder what the difference is between a leasehold and a freehold

  • Freehold: The buyer owns the property and the land indefinitely. They are responsible for all maintenance and, therefore, do not have to pay rent.
  • Leasehold: The buyer owns the property for a fixed term, but the landlord owns the land. They are required to pay ground rent and service charges and adhere to restrictions set by the freeholder.

What’s Driving the Demand for Luxury Freehold Homes?

One may often wonder what drives the demand for luxury freehold homes. In London, there are significantly more leasehold properties than freehold. Experts believe this disparity is due to the limited availability of freeholds compared to leaseholds. Furthermore, freehold homes provide a greater sense of lifestyle and privacy. Larger estates, historic mansions, and newly built houses are particularly appealing to high-net-worth individuals.

What’s on the Market? A Look at Exclusive Freehold Listings

For those who appreciate uncompromising luxury and long-term value, owning a freehold home in London is the ultimate investment. Here are some of the most sought-after listings available today.


Ingram Avenue, NW11

Set in the heart of Hampstead Garden Suburb, this exquisite freehold home exudes elegance and sophistication. Designed with grand proportions, high ceilings, and luxurious interiors, it offers expansive living spaces that seamlessly blend classic charm with modern refinement. The beautifully landscaped gardens provide a serene retreat, while the prestigious location ensures both privacy and convenience.


Byron Drive, N2

A contemporary masterpiece in one of London’s most desirable postcodes, this stunning freehold residence boasts exceptional living spaces and top-tier finishes. Designed to maximise natural light and comfort, it offers beautifully designed rooms, spacious outdoor areas, and cutting-edge amenities. A rare opportunity to own an architectural gem in a highly sought-after location.


Beaufort Drive, NW11

This stunning freehold property defines timeless luxury and modern sophistication. With spacious interiors, elegant reception rooms, and beautifully landscaped gardens, it is perfect for both grand entertaining and comfortable family living. Its prime location in NW11 further adds to its allure as a long-term investment.


Courtenay Avenue, N6

Situated on one of London’s most prestigious private roads, this spectacular freehold mansion is the epitome of luxury living. Boasting grand interiors, state-of-the-art amenities, and lush private grounds, it offers an unparalleled lifestyle for those who seek the very best. Its prime location in Highgate ensures privacy while being just moments from central London.


Heath Close, NW11

A hidden gem in a tranquil cul-de-sac, this elegant freehold home provides the perfect balance of exclusivity and convenience. With a spacious layout, exquisite finishes, and stunning gardens, it is an ideal choice for those seeking a private retreat in a prestigious London neighbourhood.

With freehold properties in high demand, having the right advisor is essential. Glentree Estates provides expert guidance and exclusive listings to help you find your ideal property.

Contact us to start your search today.

With Spring Almost Upon Us, Is the Humble Estate Agents For Sale Board the Answer for Weary Home Sellers After a Sluggish Winter Market?

As the crocuses start blooming and sentiments lift from a somewhat gloomy dank, cold winter, it is an opportune moment to review marketing techniques that will help deliver a sale/letting, even in these turgid times.

Those who sneer at the For Sale/Letting Board and dismiss it as ‘prehistoric’ or think of it as an agent’s conspicuous self-aggrandisement, are guilty of a gross misunderstanding. You, the consumer, maybe losing out.

Naturally, I am a great believer in the powers of the digital portals, social media and videos but never have so many owed so much to the powers of the For Sale/Letting Board (and the pencil for that matter). Continue reading