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Realistbear

Guardian: Gordon Gazumps E As With 2 Expensive U-turns

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Gordon may be trying to restore some confidence among his subjects as he prepares to ascend to No. 10?

http://money.guardian.co.uk/businessnews/s...1824447,00.html

Estate agents gazumped by the government

Julia Finch

Thursday July 20, 2006

The Guardian

Does this government get some sort of kinky pleasure out of introducing new wheezes for the financial services industry and watching them make expensive plans to follow the new rules and then stamping on the whole idea?
:lol:
Earlier this year it was
SIPPs
(self-invested personal pensions) - schemes which would have allowed people to put second homes and even foreign villas into their own personal pension schemes, with tax relief.
Financial advisers, property companies and private investors could not believe their luck. Entire forests must have been felled to produce glossy brochures explaining how to cash in. Then, in the March budget, Gordon Brown decided he wasn't having it and the schemes were axed at the eleventh hour.
Now we have the U-turn on
Home Information Packs
, which had been due to become compulsory for home sellers from June 2007 and were expected to create a new £1bn-a-year market. The idea - a John Prescott brainwave - was to shift some of the cost of property purchase from buyers to sellers, and speed up the process. The main component of each HIP was to be a home condition report, to replace a basic survey. Now housing minister Yvette Copper has decided they will instead be voluntary - so they will never happen. Sellers will have to produce only title deeds, local authority searches and an energy performance report.
In each case the government cannot claim to have seen the light only at the last minute. Did no one at the Treasury realise that putting holiday homes into SIPPS was likely to be of greatest benefit to those who least needed extra help? Has Yvette Cooper only just realised that HIPs were more likely to line the pockets of estate agents than offer a real alternative to a full house survey?

Election fear. Socialstes du Champagne seen lining the pockets of EAs and the rich was a faux pas de proportion catastrophique as Del would say! :lol::lol:

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gov seems to think of lots of ideas and u-turn on them, perhaps they should stop having so many ideas, althought these uturns seem to give the economy a bit more uncertancy delaying the inevitable.... Could the uturns be intentional?

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Have you not considered the government might just be listening to the people & reacting accordingly?

:D:D:D:D

Takes the headlines away from naked pensioners protesting over council tax though don't it.

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but why start? why not do the study first and make sure there isnt any opposition, why push so many changes through? This government seems to be keen to change everything all the time. If your changing soo much, it doesnt take long before everyone in the country is up in arms against one thing or another....

Edited by moosetea

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It always makes me laugh when governments are accused of Makeing a U-Turn.

As Warickbloke said, isnt it just they listened to the facts and peoples opinions and took them into account?

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As Warickbloke said, isnt it just they listened to the facts and peoples opinions and took them into account?

Um, they're supposed to do that _BEFORE_ they make stupid decisions that cost people a lot of money. That's kind of meant to be their job, you see.

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It always makes me laugh when governments are accused of Makeing a U-Turn.

As Warickbloke said, isnt it just they listened to the facts and peoples opinions and took them into account?

shouldnt they listen before they start making steps to implement the change? Saves them money, saves us mony and doesnt make them look stupid if they plan properly...

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It always makes me laugh when governments are accused of Makeing a U-Turn. [zag2me]

This bunch of scheming neo-Stalinist scum don't do U-turns, they just reverse -- that way they don't have to look where they're going.

As Warickbloke said, isnt it just they listened to the facts and peoples opinions and took them into account? [zag2me]

You mean like they did with the National Identity Register / ID card 'consultation'? This is how they treat facts and people's opinions....

'ID card 'tricks' anger net users':

http://news.bbc.co.uk/1/hi/technology/2947958.stm

Stand made weblinks to the consultation paper widely available and acted as a conduit for responses to government plans.

It received official assurances that the responses it passed on would be treated just like those sent any other way.

'Ministers duck ID card questions':

http://news.bbc.co.uk/1/2965984.stm

Officials have been accused of refusing to say what has happened to thousands of public responses.

Net activists have been left baffled as 6,000 responses, mostly in opposition to the proposed ID scheme, have apparently gone missing.

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  • 302 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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