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

Mark Alexander

20:47 PM, 14th August 2018
About A year ago

Reply to the comment left by Luke P at 14/08/2018 - 20:11
Very true Luke.

If it came to the same situation as the USA faced, i.e. the choice between two candidates (neither ideal), I’d still pick BoJo over Corbynism every time.

user_17009

21:16 PM, 14th August 2018
About A year ago

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Rod

21:22 PM, 14th August 2018
About A year ago

All very true, he's made comments on other things too and been reprimanded. What ever happened to free speech?

user_17009

21:56 PM, 14th August 2018
About A year ago

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Mark Alexander

22:10 PM, 14th August 2018
About A year ago

Reply to the comment left by Will stillman at 14/08/2018 - 21:56
You have got the nail square on the head there Will.

user_17131

22:26 PM, 14th August 2018
About A year ago

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Lisa S

8:06 AM, 15th August 2018
About A year ago

Reply to the comment left by Mark Alexander at 14/08/2018 - 20:47
I used to think that too Mark. But Boris Johnson is a liar....you can’t trust someone like that, particularly in public office. I am now politically homeless for the first time in my life.

user_17009

8:32 AM, 15th August 2018
About A year ago

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Luke P

8:57 AM, 15th August 2018
About A year ago

Reply to the comment left by Will stillman at 15/08/2018 - 08:32
We're a crowd...I'm happy to be appeased.

user_17009

9:08 AM, 15th August 2018
About A year ago

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