Wednesday 20 March 2013

Hooray, it is already working, well done the Oik ! (they own land etc. etc.)

(and rest assured more tangible thank you's will find their way to the Party in time for 2015!)
Chancellor's budget lift for housing boosts homebuilders' share prices
Barrett, Taylor Wimpey, Persimmon, Bellway and Redrow's share prices all jumped on news of Help to Buy scheme.   

The news sent Barratt  Developments more than 7% higher to 257.2p, making it the biggest riser in the FTSE 250 mid-cap index. Close behind was Taylor Wimpey, up 6% to 91p, Persimmon, up 5% to £10.24, Bellway, 4% better at £12.34 and Redrow, up 3.8% to 191p.

12 comments:

DBC Reed said...

@MW
What is the matter with the effing Labour Party?i) They take all this bollox that they left the economy in a mess when any mess was caused in the US by the yanks overegging the British recipe of house price inflation backed by thicko bankers;2) they can't see that the Help to Buy will just put up house prices.The real debate in the UK should be why is the political class so thick? ( I blame too much Science in schools and not enough student grants.)

Mark Wadsworth said...

@ DBC, this was BobE's post.

But re your point 2), NuLabour are just as disgustingly Home-Owner-Ist as the Tories, Blair/Brown took Thatcherism/Home-Owner-Ism to new extremes and Camerosborne picked up where they left off. John Major was a saint in comparison.

@ BobE. Hooray! They own shares in companies which own land! Give them money!

Bob E said...

DBC Reed: Your mission, should you chose to accept it, is to determine and catalogue the actual differences between the Mighty Ding's Blue Wing and Not Red Ed's One Nation Labour.

Good Luck. nb: Do not enter into this task lightly, your head may self-destruct shortly after commencing it. :-)

Bayard said...

"why is the political class so thick?"

You think so? I think it is a case of "there's none so blind as them that don't want to see". Some of them are evil and the rest don't want to rock the boat.

Physiocrat said...

Bunch of wankers and Labour is as bad as the Condems. Deckchairs and Titanic comes to mind.

DBC Reed said...

@B
Some film director ,I think Spielberg, said he wondered at the cynicism of Hollywood making such crass box-office dominated films,until he got there and found they were all idealists, God help them. Some of our politicians actually believe the crap, you know.

Bayard said...

DBC, you scare me, but I believe you.

Ian B said...

Okay Mark, you win. I take everything back :)

Mark Wadsworth said...

IB, thanks, but this was BobE's post (the fact that I agree with him is entirely coincidental).

Ian B said...

Sorry Mark, didn't look at the authors of the posts :(

Just picked one that seemed appropriate, kind of thing. Possibly I was also a little dazed by the fact that even a politician, and even George Osbourne, could do something so mind-bogglingly stupid. I know I shouldn't be surprised, but still...

Mark Wadsworth said...

IB, not to worry. I hate this sort of thing more than most because it is taking extra taxes on income and using it to pay negative land value tax; when the better option is to tax land values and use that to reduce taxes on income.

Bayard said...

"even George Osbourne, could do something so mind-bogglingly stupid"

I would call it a fairly smart move by Georgie boy: 1) very few people are going to notice what this is really about, certainly no-one who matters and 2) it had the desired effect, didn't it? Mind-bogglingly blatant perhaps, but stupid? I don't think so.