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Charlie Don't Surf

Housebuilders Up On Budget

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Housebuilders up sharply since the budget:

Barratt Developments Plc 4.91%

Taylor Wimpey plc 4.19%

Persimmon plc 3.69%

Anyone explain why?

Sounds like bad news for HPC.

It was a very soft budget compared to what people thought was possible, and the key was CGT was not raised by as much as expected and will be introduced tonight not giving anyone a chance to panic sell and drive down prices.

This budget was the litmus test for the new government strategy, introduce policies to encourage the required correction in the housing market and get the pain out the way in the first 3 years (if lucky) and blame it on the Labour or spread it out over this term and future terms in the hope we muddle through. The builders shares were reflecting the possibility of the hard shock and that will not now happen.

Edited by Confounded

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Housebuilders up sharply since the budget:

Barratt Developments Plc 4.91%

Taylor Wimpey plc 4.19%

Persimmon plc 3.69%

Anyone explain why?

Sounds like bad news for HPC.

Continuation of low interest rates which will support the housing market?

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Continuation of low interest rates which will support the housing market?

Would the VAT increase also allow the BoE to keep rates low by saying it is just a temporary rise in inflation caused by the changes in taxation? A shifty Chancellor might then string enough together to last an entire parliament.

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It was a very soft budget compared to what people thought was possible, and the key was CGT was not raised by as much as expected and will be introduced tonight not giving anyone a chance to panic sell and drive down prices.

This budget was the litmus test for the new government strategy, introduce policies to encourage the required correction in the housing market and get the pain out the way in the first 3 years (if lucky) and blame it on the Labour or spread it out over this term and future terms in the hope we muddle through. The builders shares were reflecting the possibility of the hard shock and that will not now happen.

It was a 'muddle through' budget trying to please too many sides of the equation and will not please the markets for long. It was not 'hard' enough to convince me that it will deal with the deficit even though Osborne has claimed it will. IT DOES CONTAIN 25% CUTS TO NON-PROTECTED DEPT BUDGETS. The detail was not explained, but this £30BILLION Cut was the painful bit and will result in a public sector shake-up. Frankly the public sector needs a pay cut and pension slice. So the unfunded nightmare was hardly mentioned. Hmmmmmmmmm

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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