Reply to post: Re: On the plus side

Osborne on Leave limbo: Travel and trade stay unchanged

Nigel 11

Re: On the plus side

Osborne - the worst chancellor, since, er, Gordon Brown?

His meddling with stamp duty is particularly counter-productive. He ought to have scrapped stamp duty on all houses under about £1M. Charging older folks to downsize creates a shortage of family-size homes on the market. Charging them an extra 3% to buy a small house first, move at leisure, and sell the old family home once they are sure it was the right decision, will make it ten times worse. And just why is buying houses to let out something to discourage? Until you are married with children there are definite advantages to renting, such as remaining able to take a better job that requires relocating without that relocation costing you very many thousands of pounds.

If the money absolutely had to be raised (and it probably did) then just bite the bullet and raise income tax, basic and higher rates alike.

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