Tag Archives: housing

In the coming days, the Commission on London Finance established by Boris Johnson and chaired by Tony Travers is due to publish its final report. The Guardian has obtained an advance copy and it makes for interesting reading.

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With the economic recovery continuing to stall, there was a broad consensus ahead of today’s budget that the chancellor should provide a boost for housing and the construction sector, to help get jobs and growth going. George Osborne responded with … Continue reading

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Last week, the authorities in Hong Kong bowed to the inevitable and slapped a 15 per cent stamp duty on properties purchased by overseas buyers. With its currency tied to the dollar, and no capital controls or capital gains tax, … Continue reading

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In the US, the bursting of the property bubble forced millions of homeowners into arrears, negative equity and foreclosure, dragging down consumer confidence and spending power in the process. The Obama administration responded with measures to help over a million … Continue reading

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It may be a little too much to claim that a reformation is underway in economic theory, but the protracted global economic crisis has brought thinkers previously considered heterodox increasingly into the mainstream of policy discussions, while currents of thinking … Continue reading

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As good civil servants observing the appropriate rules, the Downing Street press office issued a copy of the prime minister’s welfare reform speech with sections marked ‘political content excised’. In truth, if they’d applied that editing principle consistently, the whole … Continue reading

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The story about Newham council seeking to house 500 families in Stoke and other parts of the country because of insufficient affordable housing in the borough has reignited the debate about the government’s housing benefit cuts, amid accusations of ‘social … Continue reading

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There’s a lot of press speculation (£) that the chancellor will use the budget to tackle the anomalous treatment of foreign buyers of UK property, many of whom use property companies to avoid stamp duty.

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Today’s Q3 GDP growth figure of 0.5% may be as good as it gets for a while, with continued turbulence in the eurozone and the latest survey of purchasing managers showing that the UK manufacturing sector contracted in October at … Continue reading

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As the Observer reported last weekend, the Office for Budget Responsibility (OBR) has revised its household debt assumptions upwards. Last June, the OBR forecast that household debt would increase from an average of £58,000 for every household in the UK in 2010 … Continue reading

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