Sinking the Unsinkable, Chapter 1
Posted: March 22, 2012 Filed under: Uncategorized 3 CommentsThe story so far: Rummaging through a collection of books at a car boot sale, I came across this remarkable journal of a ship’s captain telling the story of a perilous voyage on the high seas. Originally published in five chapters in 24Housing magazine, I’ll be running it in five blogs here over the next three weeks. The story begins one fine September day last year…
Ship’s journal of Captain D Cameron, Esq, Sunday September 18: A spell off the bridge leaving my vessel in the less than capable hands of my first lieutenant, Mr Clegg, and officers from our sister ship RMS Libdem. Thanks to the ingenuity of my chief engineer, Mr Osborne, I will be able to listen in through the ship’s communication system to check if anything is seriously awry.
The black comedy of property taxation
Posted: March 20, 2012 Filed under: Budget, Housing market, Mansion tax 1 CommentWhy is it that so few chancellors ever consider the effect of their decisions on taxation on housing?
The obvious answers are political ones: housing is near the bottom of the list of priorities; no chancellor can afford to alienate the homeowning majority; and any changes to the tax system inevitably create losers as well as winners.
As George Osborne puts the finishing touches to the Budget, speculation continues about several measures that could have a huge impact: a long-overdue clampdown on stamp duty avoidance (Osborne has already committed to this – see my blog for Inside Housing here); extra council tax bands (a distinct possibility); and a mansion tax (advocated by the Lib Dems but supposedly ruled out for now by David Cameron). Yet all of the ideas are about raising revenue for tax cuts elsewhere. There is no suggestion of the more general reform of property taxation that is so badly needed.
Rubber stamp
Posted: March 19, 2012 Filed under: Budget, Housing market, Mansion tax Leave a commentSo George Osborne will come down ‘like a ton of bricks’ on people who avoid stamp duty by buying homes through offshore companies. What took so long?
The chancellor confirmed in TV interviews over the weekend that the loophole beloved of celebrities, rock stars and the global super-rich will be closed in the Budget on Wednesday.
Read the rest of this post on Inside Edge, my blog for Inside Housing.
Rhetoric and reality
Posted: March 16, 2012 Filed under: Private renting 2 CommentsThere is rhetoric. David Cameron kicked off this week by declaring that ‘strong families and stable communities are built from good homes’. Grant Shapps added that ‘we want to help everyone achieve their ambitions, and feel the pride of home ownership’.
And then there is reality. Also this week, a report from Shelter looks at the 3.6 million households who are renting privately. They include one million families with children – double the number five years ago. Some may benefit from the NewBuy Guarantee that Cameron and Shapps launched on Monday, others may make it on to the housing ladder in other ways, some will be renting by choice, but almost three million adults expect to be renting privately for five years or more, including 40 per cent of families with children and a third of those in full-time work. With six- and 12-month tenancies the norm in the private rented sector, where are these strong families to find stable communities, good homes and pride?
BOGOF to BOBOF
Posted: March 15, 2012 Filed under: Right to buy Leave a commentI’m never quite sure about those ‘buy one, get one free’ offers in the supermarket. So can I really believe in ‘buy one, build one free’?
My local Shapps & Cameron hyperstore is offering me a ‘rebooted’ right to buy. Is it like it sounds – a desperate attempt of a 21st century marketeer to rebrand a tired old product from the 1980s as something exciting and new – or is there something in it?
Read the rest of this post on my blog at Inside Housing.
Heard and not seen
Posted: March 14, 2012 Filed under: Mortgages, NHS, Welfare reform Leave a commentA brave and commendable attempt by my local MP to get the government to drop the NHS Bill met with predictable failure in the House of Commons yesterday.
Brave because Andrew George was defying the Lib Dem leadership (not sure how bothered he is by promotion prosepcts though). Commendable because I’d suggest that he was expressing the views of the vast majority of his constituents in west Cornwall (and the country as a whole) and many Lib Dem members. Predictable because this is the way things seem to work at Westminster.
The sound of squawking
Posted: March 13, 2012 Filed under: Housebuilding, Housing market, Mortgages, Right to buy 2 CommentsYesterday should have been a day of triumph for Grant Shapps and the DCLG. Instead it was the day when the chickens began to come home to roost.
The day began so well too. Well-placed leaks in the Sunday and morning papers prepared the ground for TV and radio saturation for the launch of two key parts of the housing revolution promised by David Cameron in his party conference speech and first outlined in last year’s housing strategy: the new build indemnity guarantee and the expansion of the right to buy.
