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

Jeremy Corbyn on Big Ben Bong Ban

“… if we have to miss Big Ben in reality for a while so that work can be done, well, that’s something we have to go through. It’s not a national disaster or catastrophe.”

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