Whilst English football continues to rack in billions in undeserving riches, Britain's once fabled economy seems to be going downhill. Chairman Brown's prudent and seemingly indestructible system using well-thought out policies (such as Tax The Poor Double, even if they are struggling) seems to have run aground.
Not before time. It has been some decade and a half of unprecendented growth and spending in the country. It was inevitable that the bubble was going to burst. Saying that though, you would have thought that this government would have a decent back up plan to combat these tough economical conditions, in what are difficult times for the majority of the country.
Well, as Sven might say....
They do. It's just that it's not really a great plan.
The government announced on Tuesday plans to increase the level that you start paying Stamp Duty up to £175,000 - meaning any sales under that ceiling are exempt. Looks good.
But when you consider that the average house price for first time buyers in the North Of England is £104,354, whereas in London it is £241,985, then you can see that there are going to be voters who are not going to gain fuck all out of this emergency measure. Similarly, down here in the South East and the South West, where house prices are also relatively high in comparison to the National Average.
Another measure to come out of this is the offer from the government of households earning less than £60,000 per annum, being eligible for loans free of charge for five years on new properties to help cash-strapped borrowers who are up to the eyeballs in the smelly stuff.
Surely it would be better for those buying their first property for house prices to drop by the 30% of a property's value that the government has stated they would give to first-timers.
Of course, when the five years is up, guess where the interest would be going to....
Greedy cunts!
Rob :)
Posted with LifeCast
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