Wednesday, April 22, 2009
Comedy Club stalwart – “housing market is the engine of the UK economy”
The National Association of Estate Agents has damned the chancellor Alistair Darling's second Budget report as "water pistol to put out a fire". The extension of the Stamp Duty holiday for properties up to £175bn the NAEA says is "disappointing" and adds that now was the perfect opportunity for the chancellor to get rid of the tax. Peter Bolton King, chief executive of the NAEA, says: "In this difficult economic time, Mr Darling could have seized the opportunity to encourage first time buyers to the market and to send a signal of confidence that may have reverberated around the economy.