It’s official – Osborne’s outrageous Stamp Duty hikes are costing the UK £1billion per annum!

The ‘reasons’ underpinning the former Chancellor’s draconian hikes on Stamp Duty in the autumn Budget of 2014 are widely known. Now, we can see that the full devastating and distorting effects on the Residential Property Market have come to pass, particularly in London. Quelle surprise!

Pour yourself a strong fortifying beverage before reading on

You’d better pour yourself a strong fortifying beverage before reading on. With prices down by 25% and activity deflated by a disastrous 70%, certain sectors of the market are practically gridlocked. Frustratingly, this DIY recession is self-imposed, costing the Treasury and UK taxpayer £1billion per annum and rising.
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George Osborne’s Autumn Statement 2015 – A Wish List

When our esteemed Chancellor, George Osborne, stands up at the Ballot Box for his Autumn Statement in the Commons this year this is what we would, ideally, like him to address.

The housing market, particularly in London, is grinding to a halt burdened by the huge weight of the SDLT charges that were imposed in last year’s Autumn Statement. Continue reading