When George Osborne says this:

What he means is:

tax relief

legitimate business expense

will make the tax system fairer

will make the tax system less fair, and more complex

wealthiest Landlords

most indebted Landlords

level the playing field

favour my big business friends or distort the Private Rented Sector even more

turn generation rent into generation buy

make renters that cannot afford to buy homeless and ride an anti-landlord bandwagon to gain cheap votes

allow Landlords to adjust their business models

evict tenants and sell up or increase rents

OBR has endorsed this assessment

OBR has not fully researched the impact of Clause 24 either

a more professional private rental sector

a private rental sector owned and run exclusively by Tory donors

will unify the tax treatment of finance costs

will introduce a hitherto unheard of ways to calculating business profit

create a new centre ground

stab existing Conservative voters in the back

By April 2020, only 10% of individual landlords will see a tax bill increase greater than £500

I failed Maths “A” level and Economics, but a 2:1 degree in History means I’m well qualified to be Chancellor.

do not expect the change to have a large impact on either house prices or rent levels

we haven’t a clue (sorry we have not researched this at all), so it’ll be popular to say it won’t have any effect on Tenants or the housing market.

ensures that all companies are excluded from the restriction

won’t hurt my corporate buddies (who are going to give me a nice cosy Directorship after I leave public office).

create a property-owning democracy

concentrate property ownership among institutional investors and destroy the affordability of renting even further

we are the builders

we are in the pocket of the builders

democracy

to the highest bidder go the spoils

First Time Buyer

snivelling little peasant with the future opportunity to vote

security, stability, opportunity

vested interests, vested interests, vested interests

snivelling parasite **

someone who risks their own capital to provide a home for people who cannot/do not want to borrow to buy, for a modest return

Please pass on my thanks to XXXXXXXX for taking the trouble to make us aware of these concerns

I am trying to win first prize for condescension.

**  We are indebted to Councillor Chris Devine of Wiltshire Council for this definition