Resolution measures?Make Text Bigger
The resolution body have announced several measures. One of these is to give every 25 year old 10,000. This means that a couple of 25 year olds will have 20,000 towards a deposit on a house.
Wonderful, this means that FTB houses just went up by 20,000 each!
It is not vendors who raise prices, but it is competition from buyers to buy which forces up prices.
Another few million for Lennie Pidgley!
#10 of the ten key policy recommendations of A New Generational Contract:
“Abolish inheritance tax and replace it with a lifetime receipts tax that is levied on recipients with fewer exemptions, a lower tax-free allowance and lower tax rates. Use the extra revenues to introduce a £10,000 ‘citizen’s inheritance’ – a restricted-use asset endowment to all young adults to support skills, entrepreneurship, housing and pension saving.”
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