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Wurzel Of Highbridge

Stamp Duty To Be Abolished In The Budget.

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I have the sneaking suspicion that stam duty will be abolished in the budget and help to buy equity loan will be increased to 30% interest free loan for 10 years.

Anyone got any ideas what property related taxes they will fiddle with in the pre-election budget?

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The stamp duty thresholds will be increased, £250k to £275k, £500k up to £550k, to help aspirational families (pay £2,750 instead of £2,500, etc) as it feeds HPI.

Much of the time I feel the only thing holding back 'asking' prices is the 250k threshold.

Hmmm I wonder if I can bet on their tinkering on betfair :) I know you can use PaddyPower to bet on Irish house price inflation/deflation. :lol:

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help to buy equity loan will be increased to 30% interest free loan for 10 years.

Anyone got any ideas what property related taxes they will fiddle with in the pre-election budget?

What if it was increased to 100% fixed at 2% for 25 years?

'We' have our own central bank...so why the need for the middle man?

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What if it was increased to 100% fixed at 2% for 25 years?

'We' have our own central bank...so why the need for the middle man?

If they do that then I will be at the front of the queue as it would work out cheaper than a 50% correction at 5%/6% interest rate.

Anyway, that wont happen since the banks need approximately a 2% spread, this would mean BOE buying 25 year mortgage debt at 0% and then the banks not taking the piss.

Aint gonna happen.

The most destructive thing they could do (from a hpc perspective) is to introduce a stamp duty holiday that expires one month after the election. This would cause a stamped of buyers to buy before the election. I do think it's a bit late in the year for that 3 month stamp duty holiday would look a little suspect.

Edited by Wurzel Of Highbridge

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If they do that then I will be at the front of the queue as it would work out cheaper than a 50% correction at 5%/6% interest rate.

Anyway, that wont happen since the banks need approximately a 2% spread, this would mean BOE buying 25 year mortgage debt at 0% and then the banks not taking the piss.

Aint gonna happen.

That's the point. We know the TPTB won't like it, but do we really need banks anymore??

If currency is now digital and basic savings rates are becoming extinct...who needs the bankster?

Let them go play in the casino with their own 'money', or the private investors 'money' who understand the 'risk'.

Enough of the 'banks'...times are moving on!

Edited by spp

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Lol. Income taxes would have to rise. I expect business rates to be reformed though.

...yes still a business rate but not only linked to land or a building. :unsure:

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That's the point. We know the TPTB won't like it, but do we really need banks anymore??

If currency is now digital and basic savings rates are becoming extinct...who needs the bankster?

Let them go play in the casino with their own 'money', or the private investors 'money' who understand the 'risk'.

Enough of the 'banks'...times are moving on!

"We must not let our rulers load us with perpetual debt" Thomas Jefferson.

"The modern banking system manufactures money out of nothing" Josiah Stamp.

The meaning may be true, but there is no evidence that Stamp ever wrote these words.

Your Jefferson quotation is accurate, even though a majority of Jefferson "quotations" that you find on the internet are merely other people's, attributed to him for added gravitas.

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Top rate will go to £600k. It's the only explanation for why the Help to Bribe scheme goes up to that amount. Instant big increases in house prices at the top end. Vote Cuntservative.

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That's the point. We know the TPTB won't like it, but do we really need banks anymore??

If currency is now digital and basic savings rates are becoming extinct...who needs the bankster?

Let them go play in the casino with their own 'money', or the private investors 'money' who understand the 'risk'.

Enough of the 'banks'...times are moving on!

This is what I would like to see. One national bank which does all the boring stuff. If you want to earn interest move your money to a private bank and take the risks. I think I would like to see the end of cash, smart phone app could do your small payments. The large national bank could look for illegal activity tax avoidance..

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I have the sneaking suspicion that stamp duty will be abolished in the budget and help to buy equity loan will be increased to 30% interest free loan for 10 years.

Anyone got any ideas what property related taxes they will fiddle with in the pre-election budget?

Wasn't this Kirstie's solution to everything in the economy?

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I have the sneaking suspicion that stam duty will be abolished in the budget and help to buy equity loan will be increased to 30% interest free loan for 10 years.

Anyone got any ideas what property related taxes they will fiddle with in the pre-election budget?

NO chance...they are banking on stamp duty being the thing that saves them, if anything thye ill try and tweak the figures so more pay more.

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The meaning may be true, but there is no evidence that Stamp ever wrote these words.

Your Jefferson quotation is accurate, even though a majority of Jefferson "quotations" that you find on the internet are merely other people's, attributed to him for added gravitas.

Not bothered with who said what. It is all about the meaning of those words.

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That's the point. We know the TPTB won't like it, but do we really need banks anymore??

If currency is now digital and basic savings rates are becoming extinct...who needs the bankster?

Let them go play in the casino with their own 'money', or the private investors 'money' who understand the 'risk'.

Enough of the 'banks'...times are moving on!

Impossible. The interest on the national debt is already set to hit £80bn/yr by 2017. If your suggestion were adopted then the UK govt would need to fund the mortgage market plus the budget + deficit too. The prospect of wholesale debt monetisation isn't one that should be entertained lightly, ask the Japanese.

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