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

John Curtice on fiscal policy:

“Attitudes to taxation and spending are basically counter-cyclical. If a government comes in and tries to reduce spending and taxation, after a while people will get worried about the state of public services. If a government increases taxation and public spending, after a while they’ll get concerned about increasing taxation…. In as much as there are lots of ideologues out there who think the state should be this proportion of GDP, they’re all wrong. Because the public’s view is counter-cyclical to the recent experience. It’s basically impossible to satisfy the public.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Sun and Mail Launch Worboys Judicial Review Sun and Mail Launch Worboys Judicial Review
Onions and #Megabantz: Truss’s Twitter Makeover Onions and #Megabantz: Truss’s Twitter Makeover
Did Heywood Have Permission to Defend Remain Ally Robbins? Did Heywood Have Permission to Defend Remain Ally Robbins?
Day 2: UKIP Resignations Rolling Live Blog Day 2: UKIP Resignations Rolling Live Blog
Galloway Backs Evolve Blog ‘Editor’ for Parliament Galloway Backs Evolve Blog ‘Editor’ for Parliament
New Tory PPS List In Full New Tory PPS List In Full
Oxfam Go Full Corbynista Oxfam Go Full Corbynista
UKIP NEC Votes No Confidence In Bolton UKIP NEC Votes No Confidence In Bolton
Greenpeace Still Making Fake Wind Claims Greenpeace Still Making Fake Wind Claims
Sunday Show Highlights Sunday Show Highlights
Local Labour Members Want Jared Deselected Local Labour Members Want Jared Deselected
Last Days at BuzzFeed Last Days at BuzzFeed
Bolton: She Came Round But I Didn’t Sleep With Her Bolton: She Came Round But I Didn’t Sleep With Her
Jared Victim: He Shouldn’t Be Back in Westminster Jared Victim: He Shouldn’t Be Back in Westminster
Sick Jared Back to Work Sick Jared Back to Work
Ann Black Purged by Red Terror Ann Black Purged by Red Terror
Parole Board Admit Processes Breached Parole Board Admit Processes Breached
Paul Mason: Aggressive and Intimidating Paul Mason: Aggressive and Intimidating
James O’Brien’s Carillion Fake News Goes Viral James O’Brien’s Carillion Fake News Goes Viral
O’Mara Hasn’t Helped a Single Constituent in Months O’Mara Hasn’t Helped a Single Constituent in Months