![\"\"](\"https:\/\/www.glentree.co.uk\/blog\/wp-content\/uploads\/2024\/10\/tim-mossholder-yWYzJmAl3gM-unsplash-200x300.jpg\")
<\/p>\n<\/p>\n
By, Trevor Abrahmsohn, Glentree International<\/p>\n
We should have known better.\u00a0 When \u2018two tier\u2019 Kier Starmer, bare facedly, nicked over \u00a3100,000 of freebees and when questioned, reluctantly gave back a paltry \u00a36000 with a look of distain and indignancy, we should have known that this wooden headed solicitor, who didn\u2019t cover himself in glory at the CPS, was duplicitous in the extreme.<\/p>\n
<\/p>\n
Pensioner\u2019s Winter Fuel Allowance, no contrition<\/strong><\/p>\n This was quickly followed by the unforgivable grab by Rachel \u2018Thieves\u2019 of the pensioner\u2019s Winter Fuel Allowance, without a hint of contrition. The early signs were all there in plain sight.<\/p>\n Lest we forget, during the Election campaign we were all hoodwinked into believing that the Labour Party had changed and their old ideological, socialistically inspired instincts had been ditched, since all expenditure was \u2018costed\u2019.<\/p>\n Greatest tax raising, spending, and borrowing Budget since 1948<\/strong><\/p>\n We now see the reality of this misconceived impression. The Chancellor has made the greatest tax raising, spending, and borrowing Budget since 1948 and this will inevitably inflict pain on the very victims who should have been protected.<\/p>\n Despite an unprecedented borrowing spree of \u00a350billion, using the great art of \u2018sleight of hand\u2019 (which would have certainly impressed Paul Daniels the magician), by the looks of things and according to the OBR (Office for Budget Responsibility) which is meant to be the bastion of economic modelling, there will be no perceptible growth across the electoral term than would have been the case under the Tory regime, which the Electorate so despised.<\/p>\n Start browsing<\/a><\/p>\n <\/center><\/div>\n Let\u2019s look at the net effect of her policies;<\/p>\n Rishi Sunak, bravura, last hoorah performance <\/strong><\/p>\n Although the former Prime Minister, Rishi Sunak, did put up a bravura performance as his last hoorah in the Commons, sadly it was too little too late. He was incredibly foolish and ill advised to call an early Election and as such handed the Labour Party two quarters of better-than-expected growth figures, whilst inflation dropped below the 2% benchmark, he had so sorely coveted.\u00a0 Whilst he would never have won the Election, had his strategy been more judicious, he would not have handed the unworthy opposition party a landslide, which could technically give them two terms worth of government.<\/p>\n It is peculiar in the extreme that with so much money being borrowed, taxed, and spent, according to the august institutions there will be no benefit for the people of this country or commerce at the end of the electoral cycle.\u00a0 We will probably be saddled with higher inflation, lower growth, higher unemployment, and our national debt will be even greater, thanks to the handy work of the two goons, Starmer and Reeves.<\/p>\n Although a number of transactions in the property market have been stalled awaiting the outcome of the Budget, with a bit of luck buyers and sellers will factor in these changes and get on with their business.<\/p>\n I fear for the Buy-to-Let market since the government needs a continuing partnership with private landlords to supplement the supply of rental properties in-order-to stop rents rising exponentially.<\/p>\n Reforms to the Planning System<\/strong><\/p>\n There is much talk of reforms to the Planning System, but even if these can be implemented, let\u2019s see if one more extra brick gets laid from all this well-intentioned but meaningless rhetoric. Twenty housing ministers since 1997 have still failed to unlock this problem.<\/p>\n They should have renewed the Right-to-Buy scheme which did allow a number of renters to become property owners but clearly, the government do not understand the dynamics of the housing system.<\/p>\n Personally, I don\u2019t see any growth in residential property values in the middle to upper ranges and the old-fashioned view that values always rise over time, exposing more equity for the owners, may be now obsolete.<\/p>\n Potpourri of bad tidings<\/strong><\/p>\n I\u2019m not sure why it took the Chancellor three months to conjure this potpourri of bad tidings and I have to say the mutual congratulatory glances exchanged between the Prime Minister and Chancellor in the Commons after the Budget, was more than a little nauseating, given the pain that these measures will inflict on everyone in the UK.<\/p>\n When the Prime Minister, \u2018Mr. Glum\u2019, warned us about the nasties that were about to descend on us after the Budget he wasn\u2019t kidding was he?<\/p>\n","protected":false},"excerpt":{"rendered":" By, Trevor Abrahmsohn, Glentree International We should have known better.\u00a0 When \u2018two tier\u2019 Kier Starmer, bare facedly, nicked over \u00a3100,000 of freebees and when questioned, reluctantly gave back a paltry \u00a36000 with a look of distain and indignancy, we should … Continue reading Be informed and explore the latest properties from Glentree. <\/h3>\n
\n