Treasury Sources Kick Back at Balls Before He's Opened Mouth

Balls seems to have briefed the entirety of his upcoming conference speech already. One of the downsides of doing this before he’s even reached the podium is that it gives his opponents the chance to shoot it down before he’s opened his mouth. Treasury sources are pointing out the HMRC’s own report into the last time Stamp Duty was frozen for first time buyers:

“The tax relief has not had a significant impact on improving affordability for first time buyers. It is estimated that most of the people who benefited would have purchased property in the absence of the relief anyway.”

The only significant impact will be to give Balls at least one policy, however pointless.

It’s well known that Balls still has ‘people’ inside the Treasury and there is plenty of speculation doing the rounds that he had got wind of the 4G auction goodies fund and has pulled a fast one on the Chancellor. Just like George did in 2007 with the inheritance tax threshold hike…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

The Queen visits children in a Manchester hospital:

“You were able to enjoy the concert at least, weren’t you?”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Sneering Thornberry Sneering Thornberry
Ministers Wheeled Out to Defend Ditched Care Policy Ministers Wheeled Out to Defend Ditched Care Policy
Watch: Crick Roasts “Weak and Wobbly” May Watch: Crick Roasts “Weak and Wobbly” May
Protester Arrested at May Wrexham Visit Protester Arrested at May Wrexham Visit
Clegg Spinning Brexit Doom Report Clegg Spinning Brexit Doom Report
Sunday Shows Sunday Shows
Read Tory Manifesto In Full Read Tory Manifesto In Full
Green Leaders Cringe Skit Green Leaders Cringe Skit
Never Ending Tory Deficit Reduction Horizon Never Ending Tory Deficit Reduction Horizon
LibDem Collapse Explained LibDem Collapse Explained
Taxpayers’ Alliance Updates Iconic Tory Poster Taxpayers’ Alliance Updates Iconic Tory Poster
Cult of Corbyn Cult of Corbyn
“Labour is Chocolate Gateau: Too Much Makes You Sick” “Labour is Chocolate Gateau: Too Much Makes You Sick”
Labour Election Broadcast Star’s “Tax Efficient” Accounting Labour Election Broadcast Star’s “Tax Efficient” Accounting
Reporter Grabs Boob Live on BBC Reporter Grabs Boob Live on BBC
Liar Clegg Brillo’d Liar Clegg Brillo’d
Listen: Was McDonnell Handed Deficit Note? Listen: Was McDonnell Handed Deficit Note?