BoJo’s proposed Stamp Duty reforms

by Property118.com News Team

13:24 PM, 13th August 2018
About 3 years 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

Whiteskifreak Surrey

9:09 AM, 15th August 2018
About 3 years ago

Reply to the comment left by Lisa S at 15/08/2018 - 08:06
Well put, Lisa... Tories were always our voting choice, but after what they have been doing in the last few years ( and I do not mean to LLs only) we are completely put off them. However I agree with Mark A - BoJo (or any other Conservative) will be much better that Commie Corbynov. Any time.

Neil Patterson

9:12 AM, 15th August 2018
About 3 years ago

I always think of it as voting for the least worst if that helps.

user_17009

9:48 AM, 15th August 2018
About 3 years ago

Obfuscated Data

user_17009

10:00 AM, 15th August 2018
About 3 years ago

Obfuscated Data

Richard Adams

10:10 AM, 15th August 2018
About 3 years ago

All the commenting on the merits, or non merits, of Boris etc ignore the lessons of history which are ALWAYS worth bearing in mind when discussing politics. In the 1930's Churchill was considered a joke by many for speaking out virtually alone warning of the Hitler threat. He had also previously left the Conservatives to join the Liberals and in his own words re-ratted back to the Tories. If there had been twitter etc in those days he would have been slagged off big time like Boris is copping it now. Baldwin & Chamberlain discounted and ignored him yet come WW2 also cometh the man and the rest is history. With the current dearth of able politicians who also mostly seem to have undergone charisma bypass operations that were 100% successful don't write off Boris.

user_17131

10:33 AM, 15th August 2018
About 3 years ago

Obfuscated Data

user_17009

10:47 AM, 15th August 2018
About 3 years ago

Obfuscated Data

user_17131

10:49 AM, 15th August 2018
About 3 years ago

Obfuscated Data

user_17131

10:55 AM, 15th August 2018
About 3 years ago

Obfuscated Data

david porter

11:31 AM, 15th August 2018
About 3 years ago

Reply to the comment left by Liam Strid at 15/08/2018 - 10:55
Is his Johnson called Boris?

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