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Re: Government & Post Election Discussion
208 Labour MP's voted against abolishing Stamp Duty for first time buyers tonight (That would help young people trying to get on the property ladder).
I thought Labour were suppose to be the party representing the young.... let that sink in... What happened to the in the 'for the many, not the few.' Bloody cretins that Labour are. :afire: |
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Re: Government & Post Election Discussion
Rachel Reeves has not got a clue. Except it would help them. How can it not?
Stamp duty being abolished, if house prices are a certain price, is a big win for first time buyers... £125,001-£250,000 @ 2% rate threshold between either £2,500 and £5,000 Stamp duty. £5,000 is a lot of money saved that can be spent on new moving in costs, furniture etc. On November 22nd 2017 the Chancellor announced in the Budget... Abolishing stamp duty land tax (SDLT) on homes under £300,000 for first-time buyers from 22 November 95% of first-time buyers who pay stamp duty will benefit. First-time buyers of homes worth between £300,000 and £500,000 will not pay stamp duty on the first £300,000. They will pay the normal rates of stamp duty on the price above that. This will save £1,660 on the average first-time buyer property. 80% of people buying their first home will pay no stamp duty. There will be no relief for those buying properties over £500,000. Those 208 Labour MPs were essentially opposing the above budget measures that were announced. |
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But having no Stamp Duty to pay, if buying a £150,000 house. Is still money in the first time buyers hand. Not a gimmick. Labour will have to tax folk to death to pay for their large borrowing needs. Thankfully, let’s hope they never get in power.
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The main impact of the cut will be to ensure the market keeps growing for a bit longer. If they didn't do that house prices would stall sooner. It's the same as all the other government schemes, they just allow people to get into more debt or get some money from the government to put into the housing market. None of it helps with the main issue. |
Re: Government & Post Election Discussion
Lord Ashcroft latest research regarding the forthcoming 2018 London elections.
http://lordashcroftpolls.com/2018/03...don-elections/ |
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Labour's lead over Conservatives surges to 7% in the latest opinion poll by Survation.
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Re: Government & Post Election Discussion
My reading of how things are standing are the Conservatives are trusted more on the economy and one or two other areas whilst Labour are trusted more on the NHS and several others areas as well whilst in terms of their leaders Theresa May's reputation was severely damaged during the General Election campaign and she has found it very hard to change that public perception of her whilst Jeremy Corbyn is popular among the younger voters he is not liked or trusted by older voters and he has found it equally hard to change that perception of him.
Personally l think we are highly likely to end up in hung parliament territory come the next General Election which will make it even more difficult then it is now to get things through parliament with regards to important business.. |
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https://www.ft.com/content/5a47caec-...e-cc62a39d57a0 |
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