Posts Tagged 'Stamp Duty'

Stamp Duty Axed for a few

Now I have nothing wrong with the idea of stamp duty. Indeed it is the only thing that Gordon Brown did to try to rein a rampantly overheating housing market but this current action is just pathetic. Where is this money coming from? Nick Robinson provides us with an idea: http://www.bbc.co.uk/blogs/nickrobinson/2008/09/who_pays.html

Did anyone see Hazel Blears on the BBC this morning? This woman is a prefect example of the sycophantic drivel which we need to vote out. When will politicians look for long term solutions and not headline grabbing shortemist exercises?

  • Do not try to stimulate a market which all unbiased bodies suggest is at least 20% overvalued as at September 2008.
  • A┬álabour government should be concentrating on ensuring that mortgage holders are not hounded out of their homes┬áby banks eager to recover funds.
  • They should be working with international bodies to create a Basle III or II.5 ensuring an increase in Tier 1 capital so that we don’t have our banks gambling this madly again.
  • They should also ensure that we never get to the stage where the nation’s people get themselves into a tulipesque market decoupling the idea of a first house being a home and not an investment.

July 2017
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