Author Archives: Trevor Abrahmsohn

Gove cuts through the jungle of leasehold interests

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Accused variously of being a “snake” and a “betrayer”, Michael Gove has not always been popular with his ex-boss (Boris Johnson) or even the public. However, he has always been an effective enforcer and reformer. Only someone with the equanimity to respond to his sacking as Housing Minister (July 2022) with the response that he’s going to “Have a glass of wine and a slice of salami and see what tomorrow brings” could execute the plan to get rid of leasehold interests before the end of parliament. Continue reading →

Interest Rates Up Again, Taxes Going Up, Inflation Going Up, And Predictions of a Long Recession, What Does It Mean for The Residential Property Market?

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Now that the BoE have confirmed another increase in Interest Rates of ¾%, the UK seems to be aping the USA by cranking the cost of money, in an attempt to bear down inflation, which at present is at circa 10%+.

Jeremy Hunt (caution: pronounce his surname with care!) is, by the looks of things, quite self-satisfied by trying to rescue the reins of fiscal responsibility by raising taxes and cutting government expenditure, in order to address the debt void created historically by the Covid issue, and presently, the underwriting of the energy crisis.

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Never Knowingly Under Bold

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Clearly the new Chancellor has unbridled the self-imposed shackles of the former Conservative regime and is certainly going for broke. Even if it means that borrowings will increase.

Although there was precious little detail as to the planning reforms by the Truss/Kwarteng partnership, I am sure that a much-needed hatchet will not be far away from these archaic practices before too long. Continue reading →