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When May disastrously put out she was going to clobber everyone for 'old tax' she lost her majority.
Is making stamp duty (a tax I believe should be abolished) going to be the same?
And how will it help the housing market? Either people will slap the tax on the property or refuse to sell thus stagnating the market.
And why should people who already own a house and so have paid this draconian tax have to pay it again?
Me thinks our Sajid hasn't thought this one through!
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Is making stamp duty (a tax I believe should be abolished) going to be the same?
And how will it help the housing market? Either people will slap the tax on the property or refuse to sell thus stagnating the market.
And why should people who already own a house and so have paid this draconian tax have to pay it again?
Me thinks our Sajid hasn't thought this one through!
https:/
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Javid: // Britain has some of the ‘lowest rates on government debt this country has ever seen’. //
Well short term, we are borrowing more than twice what we were borrowing last year.
UK Government like for like monthly borrowing:
June 2018 - £3.3bn
July 2019 - £7.2Bn
Long term the Government will borrow £30bn this year.
Twenty years ago we made a £10bn surplus, and borrowed nothing.
Did Javid have the same maths teacher as Abbott ?
Well short term, we are borrowing more than twice what we were borrowing last year.
UK Government like for like monthly borrowing:
June 2018 - £3.3bn
July 2019 - £7.2Bn
Long term the Government will borrow £30bn this year.
Twenty years ago we made a £10bn surplus, and borrowed nothing.
Did Javid have the same maths teacher as Abbott ?
//Me thinks our Sajid hasn't thought this one through! //
How unusual for a government Minister to announce something that had not been properly thought through!
Agreed, so-called "Stamp Duty" (i.e. purchase tax on houses) is an abomination. Quite why the government should take a cut on a private house sale is anybody's guess.
How unusual for a government Minister to announce something that had not been properly thought through!
Agreed, so-called "Stamp Duty" (i.e. purchase tax on houses) is an abomination. Quite why the government should take a cut on a private house sale is anybody's guess.
GROMIT, this appears to contradict your level of borrowing claim.
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THECORBYLOON
So far this year, Apr-June Government borrowing is £4.5bn higher than last year. In 3 months they have borrowed £17.9bn. So my £30bn estimate for the year is probably too low.
Meanwhile, Debt at the end of June 2019 excluding Bank of England (mainly quantitative easing) was £1,636.9 billion (or 74.8% of GDP); an increase of £37.6 billion (or a decrease of 0.7 percentage points of GDP) on June 2018.
So far this year, Apr-June Government borrowing is £4.5bn higher than last year. In 3 months they have borrowed £17.9bn. So my £30bn estimate for the year is probably too low.
Meanwhile, Debt at the end of June 2019 excluding Bank of England (mainly quantitative easing) was £1,636.9 billion (or 74.8% of GDP); an increase of £37.6 billion (or a decrease of 0.7 percentage points of GDP) on June 2018.
It seems a stupid idea to me. Already there's far too much incentive not to sell. There ought not be any tax on mobility anyway. Is it not just something under consideration at present ? Or is the thought that Corbyn is threatening so much to much him and his party unelectable that the Tory can contemplate inflicting what it likes and remain safe ?
//NJ the government takes taxes on all sorts of items so why not houses?//
Because there is no justification to take a cut from a private sale. If I buy a car privately I don't pay "Stamp Duty".
//Which Political Party was in power twenty years ago, when we had a £10bn surplus and borrowed nothing ?? .//
And alongside that question you have to ask why was that government in such a fortunate position? One thing's for sure - it was not their financial prudence of the previous two years that made it so.
Because there is no justification to take a cut from a private sale. If I buy a car privately I don't pay "Stamp Duty".
//Which Political Party was in power twenty years ago, when we had a £10bn surplus and borrowed nothing ?? .//
And alongside that question you have to ask why was that government in such a fortunate position? One thing's for sure - it was not their financial prudence of the previous two years that made it so.
Javid: // Britain has some of the ‘lowest rates on government debt this country has ever seen’. //
Listening to Javid, you would assume Government debt is declining sharply.
In reality, when the Conservatives took power in 2010, the national debt was just over £1000bn.
Today it is just short of £2000bn. They have nearly doubled it.
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Listening to Javid, you would assume Government debt is declining sharply.
In reality, when the Conservatives took power in 2010, the national debt was just over £1000bn.
Today it is just short of £2000bn. They have nearly doubled it.
https:/
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