Tag Archives: sunak

Mr Sunak, don’t do a half job on Stamp Duty on Wednesday’s Mini-Budget – do it properly, or not at all

Mr Sunak, don’t do a half job on Stamp Duty on Wednesday’s Mini-Budget – do it properly, or not at all

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As the press media would have us believe, apart from tinkering with VAT, it looks as though Mr Sunak is going to raise the threshold of Stamp Duty as a limp gesture, for a year, to get the residential property market off its knees.

I’m wondering who is, today, advising the Treasury about the state of the residential market? Whoever they may be, the truth is that as a direct result of the government-backed scheme – Right-to-Buy – this has been stoking up the lower end of the market, for some time now. Frankly, activity in this sector has been quite brisk and doesn’t really need any further stimulation. Continue reading →

Time to take a wrecking ball to the Stamp Duty Escalator and let the markets fly free at last

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For goodness sake Mr. Sunak, take a wrecking ball to the Stamp Duty Escalator and let the markets fly free at last… the Treasury needs the revenue, retail spending needs the stimulus as does the UK economy

What an absolute shower! Thanks to the latest – most unwanted – Chinese import, which has brought most of the world to its plague-ridden knees, the once-flourishing UK economy is teetering on the edge of a Beachy economic Head and staring into the fiscal abyss. Continue reading →