BoJo’s proposed Stamp Duty reforms

by Property 118

13:24 PM, 13th August 2018
About A year ago

BoJo’s proposed Stamp Duty reforms

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BoJo’s proposed Stamp Duty reforms

In his weekly Monday Column for the Daily Telegraph, Boris Johnson, has told Theresa May slash the absurdly high Stamp Duty (SDLT) tax rates and abandon affordable housing targets.

Boris indicated he thought the housing market is the single biggest and most urgent crisis we face and would lead to an impending crisis of capitalism. The theory being if you don’t own any capital assets how can you be enthusiastic about capitalism.

Boris would like Stamp Duty cut to facilitate a more ‘mobile’ housing market that would encourage First Time Buyers.

Boris went on to say: “It is not just that things were so much easier 30 years ago when I left university and went looking for a flat. It was only 10 years ago, for heaven’s sake, that the proportion of owner occupiers among 25 to 34 year olds was still up at 64%.

“That figure has now plummeted to 39%. More than half the key generation shut out of the housing market.

“This is meant to be Britain, the great homeworking democracy, but we now have lower rates of owner occupation for the under 40s than France and Germany.

“That is a disgrace. It is of little surprise that young people may give up on capitalism if it excludes them from housing.”



Comments

Rod

21:11 PM, 22nd August 2018
About A year ago

I'll say it again. If 'you know who' gets power, business will do a runner, the country will become a waste land!

Gary Dully

10:10 AM, 31st August 2018
About 12 months ago

Reply to the comment left by Whiteskifreak Surrey at 15/08/2018 - 09:09
I’m voting UKIP, they don’t hate Landlords and they have a housing strategy, but everyone I know thinks they only talk about the EU.

But basically they are conservatives and labour voters that miss hearing politicians talk any common sense and you can see and hear more on their website or google their last manifesto.

Apparently they are accused of being right wing, (sounds intriguing), check out their blurb and decide for yourself.

Just do yourself a favour and ignore their opponents narrative of name calling and just look, read and decide for yourself, what YOU think!

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