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

Richard Adams

14:50 PM, 18th August 2018
About A year ago

Forget it Mandy if you don't see the analogy. This forum is not the place to thrash it out anyway.

Richard Adams

14:59 PM, 18th August 2018
About A year ago

OK Lisa. Won't vote Tory again you say? Forgive me presuming that your future votes won't go Labour's way so that leaves Lib Dems & Greens who will never, repeat never, be in government to implement what they might promise in their manifestos, Can't think of anyone else you might support bar Monster Raving Loony Party if they are still around. If you turn your back on the Tories & vote for any of the latter or abstain you simply help to propel Corbyn into 10, Downing Street so you might as well vote for them in the first place!

Lisa S

15:12 PM, 18th August 2018
About A year ago

Reply to the comment left by Richard Adams at 18/08/2018 - 14:59
I couldn’t vote for Corbyn.....ever....
I couldn’t vote for UKip(defunct) ...ever...
I couldn’t vote for ‘fuck business’ Boris Johnson.... ever...
As I said in a previous post on this thread....I am politically homeless for the first time in my life.

Mandy Thomson

15:24 PM, 18th August 2018
About A year ago

Reply to the comment left by Richard Adams at 18/08/2018 - 14:59
I agree that the Tory Party is the only viable party we currently have, but a worrying number of people are ready to support Corbyn. Many former UKIP supporters have also returned to the Labour party following the Brexit vote.

To my mind, one major thing that separates the Conversatives from the Labour Party is the Conservatives' intolerance of racism, upholding the British value of tolerism in general. That was until Johnson decided he would get on the bigot bandwagon with his ignorant remarks.

Many people will now decide they might as vote Labour or UKIP after all as that distinction now seems to be gone.

Richard Adams

15:31 PM, 18th August 2018
About A year ago

Well if the great British public does indeed vote Labour or UKIP like you surmise they might, then we may just as well turn out the lights and leave now. Our issues as landlords pale into insignificance in the awful big picture that will emerge resulting from Corbyn in No 10.

Mandy Thomson

15:37 PM, 18th August 2018
About A year ago

Reply to the comment left by Lisa S at 18/08/2018 - 14:49
You and I would not choose the niqab but others might. We don't have to agree with that choice, but provided those women aren't forcing that on anyone else, or using that to symbolise hate or religious or racial intolerance, as members of a decent tolerant society, I believe we should respect their choice.

Mandy Thomson

15:40 PM, 18th August 2018
About A year ago

Reply to the comment left by Richard Adams at 18/08/2018 - 15:31
Agreed. And if Comrade Corbyn gets into No 10 Johnson and his ilk will have played their part.

Lisa S

15:46 PM, 18th August 2018
About A year ago

Reply to the comment left by Mandy Thomson at 18/08/2018 - 15:37
Absolutely right, I completely agree.

Lisa S

15:47 PM, 18th August 2018
About A year ago

Reply to the comment left by Mandy Thomson at 18/08/2018 - 15:40
And I agree with this too.

user_17131

16:01 PM, 18th August 2018
About A year ago

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