Labour: 1 million new homes by 2020 - No stamp duty for first time buyers
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Some pretty big housing stuff being announced tomorrow. The removal of stamp duty for first time buyers (upto £300,000) is a pretty big head line grabber.
Looking forward to seeing the response to that.
Looking forward to seeing the response to that.
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Yes but can it be a game changer and can it stop the SNP worry factor?
I mean, why not suggest that Boris Johnson is planning to declare war on France or something like that?
Move with the times Labour!
You would be stupid not to vote Labour.
If they get into power they are going to be very busy implementing them all. How are they going to pay for this one - oh the mansion tax I expect.
Some of us don't want a party with a track record of crashing the economy at the helm
Don't worry, Ed is a very capable man.
You would be stupid to believe it.
Yes - Osborne did that and as a result house prices went up by far more than the buyers saved in stamp duty.
Stamp duty isn't the reason people can't afford to buy - it's because prices are too high compared to average earnings.
That magic money tree is sprouting new branches daily! What will be cut to pay for this?
Hell no he isn't
They can't. It is getting too ridiculous now from Labour.
That's fine, apart from the 'not'.
So who exactly will be building these 1m homes, where will they find the money & land? But 'Labour announces tax breaks and bungs to property developers' isn't quite as catchy.
Or these will actually be 1m mansions so everything they've committed to spend using the Mansion Tax proceeds might get funded.
Politics is Ed's whole life and passion. He won't be a chillaxing PM like Cameron!
And 1 million new homes over the next five years? That's only 200,000 per year, less than we were building a decade ago, and falling well short of requirements. And there's no way he'll be able to get this off the ground within 12 months. The required legislations, planning permission etc will take time. It would be nearer 300,000 per year over 3.5 years.
In short, these proposals are utter bollocks. 1 million by 2020 will not happen, but stamp duty exemptions will boost house values just nicely.
It's a tax cut for the middle classes, whose votes Ed needs but most likely still won't get
They are thinking of something new everyday. There will be some people who will be taken in by all this however. Im not one of them.
Trouble is people are going to fall for it, until interest rates go up and the repossessions start.
Culpable rather than capable I would say.
The people who were voting Labour will still vote Labour.
Way to stagnate the market.
Of course they will but he needs to attract extra voters and Im not sure that what they are coming up with will.