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boom_and_bust

Sipps Retreat Was Mostly A Political Climbdown By Gordon

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Hi,

Over the last year, as far back as a couple of years ago infact, momentum was building up in the commons amongst (particularly) the liberal democrats but also the conservatives and a few rebel Labour MP's to attack Gordon's decision to adopt the SIPPS and its link to Britain's housing and debt crises, caused by the astronomical housing boom. They in turn are responding to their constituents in raising and campaigning these issues. Left to his own devices, I am pretty sure Gordon would have pushed it through and inflicted terrible damage on the economy and ultimately financial destruction and misery on many houselholds and FTB's. Below are a list of some of those MP's particularly vocal in the commons over the past year or so over the governments mismanagement or distortion-creating policies in the housing market. There are more, I am sure. If you want to voice your concerns, they pretty much all have websites and have seemed ready to champion the cause so far of the negative aspects of hyper-inflationary house prices.

Vince Cable MP

http://www.vincentcable.org.uk/

Chris Huhne MP

http://chrishuhne.org.uk/

borris johnson MP

http://www.boris-johnson.com/

Tim Farron MP

http://www.timfarron.co.uk/

Jim Cousins MP

http://www.newcastle.gov.uk/councill.nsf/c/mp3

Adam Price MP

http://www.adamprice.org.uk/

Dan Rogerson MP

http://www.danrogerson.org/

Sadiq Khan MP

http://www.sadiqkhan.org.uk/

Mark Williams MP

http://www.libdems.org.uk/party/people/mr-mark-williams.html

Martin Salter MP

http://www.martinsalter.com/

Edward Davey MP

http://www.edwarddavey.co.uk/

Edited by boom_and_bust

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I've yet to be convinced the whole thing wasn't just a tax trap and election sweetener. Remember that estimates show it has trapped 5 to 8.5 billion inside pensions savings vehicles. Pensions currently have a hole variously estimated to be between 80-120bn. That 5 - 8.5 billion will take the stress off underfunded pensions elsewhere.

Edited by Sledgehead

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I've yet to be convinced the whole thing wasn't just a tax trap and election sweetener. Remember that estimates show it has trapped 5 to 8.5 billion inside pensions savings vehicles - which currently have a hole variously estimated to be between 80-120bn.

I take your point about getting money "out of the woodwork" and yes, a possibility.

However, surely many of those who thought they would benefit were the better off "liberal" NL voting middle class?

If so, NL Mission Control must have decided that their potentially lost votes could be accepted.

Perhaps why more waffle about shared equity schemes, helping FTBs?

I wonder how many "friends" GB now has in the City?

Remember NL courting business, many from that community now seem to be turning on them.

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  • 301 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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