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£3 Billion London Stamp Duty Burden

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Nobody forcing them to buy over inflated places.....they must have it, or have access to it to pay it....they must think it is worth it......millions don't, so they do not pay it.....choices.

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And people outside of London complain that London gets more than its fair share of infrastructure spending.

Foreign buyers in London have little need for London infrastructure......people who live there or elsewhere do......

Edited by winkie

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Quite, these are cash holding boxes as the multi billion dollars flats are that over look central park in New York. Pure investment NFLI, Not For Living In. Would the people who can afford to spend one or two million on a two-bed investment property really want to live in Battersea?

Still at least the money is clean and there is no money laundering at all going on.

Well worth noting and repeating that line

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'Infrastructure' is pretty much what creates the value by enhancing business.

Never mind the intra London infrastructure, just look at any map of the country - the roads and rail and air all emanate from London like spokes on a wheel. Yet the tall ships and docks are all gone. There's virtually nothing cross country or between other cities to link them properly into a coherent and competitive whole.

This

Surely the £50bn (and more) that HS2 will cost to add capacity to and reduce the journey time between Bham and London would be better spent on improving commuter type services into Bham, Leeds, Manchester ?

But, I suppose, the ribbon cutting wouldn't be quite so grand would it.

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Surely the £50bn (and more) that HS2 will cost to add capacity to and reduce the journey time between Bham and London would be better spent on improving commuter type services into Bham, Leeds, Manchester ?

But, I suppose, the ribbon cutting wouldn't be quite so grand would it.

and it wouldn't benefit London so much. Everything UK has to revolve around London/bankerland. The current proposals are no different.

Edited by billybong

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Surely the £50bn (and more) that HS2 will cost to add capacity to and reduce the journey time between Bham and London would be better spent on improving commuter type services into Bham, Leeds, Manchester ?

But, I suppose, the ribbon cutting wouldn't be quite so grand would it.

It does that implicitly by freeing up tracks on the old routes for commuter trains.

The central issue was that the country needs some more railway tracks down its spine, because the aggregate of freight, commuter and intercity is outgrowing the existing capacity. So if you were going to augment this central route then the marginal additional cost to making that augmentation into a high speed line is relatively small beer, and you still get the knock on affects of extra capacity in the existing network.

AFAIK

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