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Watch What Fionnula Earley Thinks Of The Stamp Duty Bribe

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I thought she would at least say that at this stage anything was welcome to encourage some buyers back into the market. Rather she has her weary look and almost says 'why bother the Titanic is going down'

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She has the demeanor of a broken woman. Imagine how you'd feel after publicly swimming against the tide, whilst privately knowing how grim house price prospects are.

I almost feel sorry for her. Almost. ;)

More generally, the public and media backlash against the SD tinkering plan, looks to effectively killed it at birth. It would be a desperate and obstinate Chancellor (ultimately Brown) that would press ahead now.

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More generally, the public and media backlash against the SD tinkering plan, looks to effectively killed it at birth. It would be a desperate and obstinate Chancellor (ultimately Brown) that would press ahead now.

Another U-turn ahead, maybe?

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Another U-turn ahead, maybe?

A U-turn on a non announced policy - only Labour could manage such incompetence.

This has sown the seed now though of a stamp duty bribe. Now that the media has headlined this, FTB will be witting on their hands even more so.

When will Labour realise that everything they do has the opposite effect?

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It's more of a sine wave than a U-turn!

more like a slime wave if you ask me

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Actually, probably not so much a U-turn, as a '3-point' turn in a street that's not wide enough, frantically crunching the gears and bumping into things, with a queue of impatient traffic forming.

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Actually, probably not so much a U-turn, as a '3-point' turn in a street that's not wide enough, frantically crunching the gears and bumping into things, with a queue of impatient traffic forming.

so many u-turns now that nobody knows what is or is not policy or what is or was proposed policy. total mess.

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Some estate agents have told the BBC that purchasers are holding back till they know whether a stamp duty holiday will take effect.

purchasers :o ............ what purchasers ? Where are they ? Who are these purchasers that these EA's speak of ?

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And in the meantime what little momentum was left in the housing market will completely collapse as anyone mad enough to want to buy anything puts off the decision until the government makes up its mind what it is doing.

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purchasers :o ............ what purchasers ? Where are they ? Who are these purchasers that these EA's speak of ?

They are mad dogs. But they are around. I met one last week. I almost fell off my chair as he explained the wisdom of his overpriced Brighton flat purchase.

I call him 'repo boy' now

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And in the meantime what little momentum was left in the housing market will completely collapse as anyone mad enough to want to buy anything puts off the decision until the government makes up its mind what it is doing.

As Flint showed last night on newsnight - the goverment is a shambles on this stamp duty - If Fionnuala does not like it then what next?

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only Labour could manage such incompetence.

Not quite.

Remember Nigel Lawson abolishing double MIRAS - and giving several months notice of the new system coming in?

Result - monster HPI as everyone dived in to beat the cut-off. Followed the next year by a crash!

Labour don't have the monopoly on incompetence.

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Not quite.

Remember Nigel Lawson abolishing double MIRAS - and giving several months notice of the new system coming in?

Result - monster HPI as everyone dived in to beat the cut-off. Followed the next year by a crash!

Labour don't have the monopoly on incompetence.

I agree that although Labour appear to have a monopoly on incompetents at the moment, there have been plenty of other incompetent actions by politicians.

I would disagree about Lawson's actions though. Although they were proved incompetent in hindsight, they were deliberate at the time. In the same way that Lamont's stamp duty holiday did more harm than good in 1992. But these actions were all decisive and deliberate although incompetent.

Labour's actions have been indecisive, unwanted, leaked and incompetent.

Lawson's biggest crime was to ignore money supply surging massively leading to high inflation and high interest rates.

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  • 396 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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