Advice For The Chancellor In Preparing The Autumn Statement 2015

Dear George

I am certain that you have a lot to do before next Wednesday’s Autumn Statement and I am sure you are mindful that you are not only our esteemed Chancellor, but you could be Prime Minister Elect.

There are a few issues that need your urgent attention.

Firstly, despite what you read in the headlines, the Residential Property Market in London beyond £1.5million is grinding to a halt.  I know you are not ordinarily concerned about deflation in prices of the more expensive properties in this sector for the moment but, if there is a full-blown recession, it may come up and ‘bite you on the bottom’. Continue reading