Of the 4 that I know close to me that have done this, 3 were to gives kids enough money for deposits to start their own path on the housing chain. One did do a buy to let but that rent is going towards paying their kids uni fee's and when uni is over, the flat will revert back to the kid as their first flat. I also know of one other who despite having paid their 1980's start mortgage off, have now taken on a small mortgage to then pass that money onto their kid as a deposit for a 1 bed house. So in many ways the parents of today in the 40-mid 50 range, seem to be helping their kids in ways our parents had to wait till they died to do
Whilst the housing market teetering on the edge of a drop is cause for concern to some, and a clear benefit to others, I'm still not sure how this 'bubble' or its likely bursting can be attributed to Brexit. Whether in the EU or not, the bubble was growing way before the referendum, and if you read back various reports online pointing towards a bubble burst, they were being published before the referendum. It is again another obvious thing which people will blame on Brexit whilst in reality it would have happened anyway.
Its bursting now because the rich and wealthy are withdrawing their money from the UK because of Brexit.
So to be clear, IF (that's a huge IF by the way) the 'rich and wealthy' are withdrawing their money from the UK as you say, where are they withdrawing it from?
Property, investments and bank accounts. The predictions for the property prices falling are because the most expensive properties in London are no longer selling like they were and it has a trickle down effect. Think of it this way - You have £100 million invested in property in the UK, Sterling is falling against the dollar and the euro and predicted to fall further so your £100 million might only be worth £80 million after Brexit purely through currency exchange rates changing.
Check your currency charts Dukey. What you outline is that increasing taxes, in this case the stamp duty, has an impact on the market and tax take. Economics 101. Yet Liebour's manifesto was to increase corporation tax and income tax. This despite the figures showing that the corporation tax take increased significantly when the rate was reduced. But momentum don't so simple maths, it's more effective for them to spread the deceit.
One of the natural features of an unregulated capitalist economic system is that trade cycles arise, and gradually increase in amplitude. Many indicators (inflation, employment, growth, etc) are cyclic and periodically undulate. Wise financial authorities/regulators try to minimise instability by restraining upturns and softening downturns as far as they can. Such policy action is difficult to explain politically, because it requires apparently contradictory measures at different times, and can never be wholly successful. As it happens, Gordon Brown was remarkably successful at damping down trade cycles between 1997 and 2008, far more successful than any of his predecessors or successors. Then of course the world-wide financial meltdown of 2008-09 swamped everything, and the priority became to manage the crisis and prevent collapse.
gloomy, insular, regressive, authoritarian, negative. quite the opposit from what i have become used to over the last ten years.
Yeah, sturgeon ignoring the majority of Scots and still trying to push the indi agenda is seen as a benchmarck of freedom in China
noob. take a brake. from your self. chill, calm down. be happy, but if you cant be happy, just try and be realistic.
Fin, they have had 10 years in power, even by the law of averages, they might get one financial quarter going okay They can't say one minute, the tories at westminster are ruining us, brexit is ruining us, oh by the way, we are doing quite well. Make your mind up just more crying wolf from the old champion of it, the snp
You made a statement about currency which isn't correct and confirmed that increasing taxes, in this case the stamp duty on higher valued properties, actually reduces the tax take. Maybe this is makes more sense of your logic?
