From an article by Mark Field MP (Con, Cities of London & Westminster) in today's CityAM:
Similarly, [Vince Cable] seems not to have taken into account the disproportionate impact higher rates [of capital gains tax] on property [i.e. windfalls gains from selling land and buildings] will have on Londoners and those in the Home Counties. Many people who buy a second home outside the capital as an addition to a small London base do so not because they are enormously wealthy but precisely because they are not.
It is virtually impossible even for many of those earning multiples of the average national wage to trade up the property ladder in the capital. For those with growing families, the only option is often to buy a [second] house with garden outside London...
It Should Have Been A Cull, Not A Ban...
1 hour ago
6 comments:
The more I read about ALL and I mean ALL of our lords and masters the more I am convinced that Douglas Adams was on to something. I reckon we are evidence that the Golgafrinchams 'B' did actually land here.
Really, what are we going to do with blokes like Mark Field? Tell me please? Just tell me.
It's weird - even though in conventional politics terms Mark is in the fruitloop party (which he is - the Kippers don't actually have any policies that reverse the central lunacy he rails against, and are generally odd), I'm far closer to him than I am to any of the mainstreamers, apart from actual Marxists like Chris Dillow (and I'm not going to join any of those parties, because I don't really want to line the Home-Owner-Ists up against a wall anytime).
If only Dadams were alive, we could bring him back to the UK and head some kind of 'we are slightly sane, I know you don't want to be leader, that's the point' party.
obvious disclaimer: yes, I'm in Australia. It's politically the same as the UK, but warmer and with so much coal that we'll be sorted until everyone else has drowned.
L, do know how to transmit messages from Earth to Planet Zog? Me neither.
JB, thanks. I think. PS, UKIP's actual policies are either a lot better than, or at least no worse than anybody else's. Although they don't really address the problem of Home-Owner-Ism.
Possessing only a very small brane indeed could someone clarify whether this intellectual giant is concerned about the capital gains losses that won't apply to those poor unfortunates who are forced to buy a house with garden for the benefit of family and children outside London, to sit alongside the peid-de-terre in London, or won't apply to the peid de terre in London, seeing as both are obviously eseential and they will never sell either, or is he just a self interested prat worrying about property speculation becoming perhaps less "rewarding" all round parading his own fears as some sort of concern for the great unwashed ...
not because they are enormously wealthy but precisely because they are not.
Eh?
Anon, he's an MP. He thinks that owning 'a second home outside London' is normal.
JH, he's an MP. He thinks that only 'middle income' people like MPs are forced to buy 'a second home outside London' (unlike really rich people who buy a palace in London, for example).
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