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About rantnrave
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I live on HPC!
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The new cladding scandal that could bankrupt a generation
rantnrave replied to shlomo's topic in House prices and the economy
Front page news on the Sunday Times today, with claims that the situaton 'threatens the housing market' -
Petition passes 60,000
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Most of which applies to this website!
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Based on sales in the pipeline and average house prices, it's about £1,000,000,000 of foregone tax revenue - assuming no extension
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The govt's response at 10,000 sigs for those who haven't seen it: This response was given on 10 December 2020 The COVID-19 pandemic and subsequent lockdown caused uncertainty for those buying and selling residential property and property transactions fell by as much as 50 per cent during the first national lockdown. To stimulate immediate momentum in the property market and to support the jobs of people whose employment relied on custom from the property industry, the Government decided to introduce a temporary Stamp Duty Land Tax (SDLT) relief. This relief increased the st
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Petition Extend the Stamp Duty Holiday for an additional 6 months after 31st March 2021 Extending the Stamp Duty Holiday for an additional 6 months will assist many buyers who are looking to move to a property that they will not be able to afford otherwise. This will help to stabilise the housing market 54,336 signatures https://petition.parliament.uk/petitions/550545
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Despite the report title, this is likely to be based on Oct and Nov 2020 data...