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Cable To Probe £4.5Bn Threat To Finances

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Under the rule change, landlords will only be able to state assets at their recoverable value, meaning they will have to take an impairment charge against their assets, potentially wiping £4.5 billion from their balance sheets.

A survey by the National Housing Federation last month revealed landlords would scale their development plans back by 35 per cent if the changes are introduced in their current form. The SORP working party, which includes the NHF, is battling to mitigate the effects of the changes.

And there's everyone thinking that HTB1 and HTB2 etc was going to help with building more houses - but no now it's something called SORP that matters.

It all just boils down to - JUST HAND OVER THE MONEY.

Edited by billybong

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Vince Cable has promised to step in if necessary to prevent 'devastating' accounting changes which could halt the construction of up to 50,000 homes.

http://www.insidehou...7002465.article

Ahhh, vince cable, the politician who showed so much promise and a vision for getting the UK back on track, but who, delivered F*** ALL. One man's opinion, mine.

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Ahhh, vince cable, the politician who showed so much promise and a vision for getting the UK back on track, but who, delivered F*** ALL. One man's opinion, mine.

True but if you had an invisible banker's ring through your nose(nasty image that, you know what I mean) you wouldn't be able to do much either. We'll never know if his intentions were really good.

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True but if you had an invisible banker's ring through your nose(nasty image that, you know what I mean) you wouldn't be able to do much either. We'll never know if his intentions were really good.

He could resign

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What difference would that make, the problem is much bigger than a few politicians.

The irony being that he was the only one who spoke out about the housing bubble under Labour, and he will go into an election as junior partner in a coalition who have ensured that house prices are back at bubble levels (in London at least).

How he can look at himself in the mirror in the mornings.

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Ahhh, vince cable, the politician who showed so much promise and a vision for getting the UK back on track, but who, delivered F*** ALL. One man's opinion, mine.

Think you're being unfair on Cable. HTB is Osborne's mess and Cable has repeatedly commented that we may have overstoked the housing market embers.

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