Investment News - New budget going into the election
Following yesterday's budget speech from Alistair Darling, we look at some of today's headlines...
Stamp duty cut for first-time buyers - is this really a good strategy to bring them onto the market, or a way to prop up house prices to the £250k threshold? High earners are hit hardest with income tax hike, tax allowance restrictions and increase in stamp duty on homes over £1m. Should they be paying the debts of a bad government?
There's also the new £94bn lending target for RBS and Lloyds. Will this affect GDP and debt level, and will it take the country out of the red? How will this affect you as a property investor?
There is no doubt that this is a pre-election budget. I sat and read most of the 236 pages last night and nothing surprised me. And from today's many headlines... they all agree that it's business as usual. There's also prediction that some of the budget plans will be scrapped after the election - what are your thoughts on this?
Final thoughts from Brett - don't get distracted by the budget and the election - you need to look longer term and make sure you take care of your property investment's cash flow as interest rates will eventually go up. As always, if you have any questions or want to know more then give the team a call on +44 (0)207 923 6100.
Live with passion,