Not Much of a Stimulus Package

Guido has never met a tax cut he hasn’t liked, so the stamp duty holiday is welcome, but why not make it permanent? The £175,000 limit means it is not going to apply to anyone in the South East or for that matter anyone wanting a family home up north. So not really going to help many hard working families is it? Why not raise the threshold up to £250,000 or even £500,000 for a year?

The sale-and-rent-back scheme will apply to only 6,000 home owners in danger of being repossessed. That is fewer than the government-owned bank Northern Rock will probably repossess this year…




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Quote of the Day

Jacob Rees-Mogg on Theresa May

“There comes a point at which the policy and the individual become so intimately connected that it would be very hard to carry on supporting the person who is promoting this policy.”

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