Official Contractor UK Budget Thread 2017

**bobspud** · 23 November 2017, 11:47

Originally posted by barrydidit View Post

Well, that's plan B sorted then

To be honest I think that Vat fraud is a little too much effort. Try this one on for size:

https://www.youtube.com/watch?v=9FdHq3WfJgs

**pjclarke** · 23 November 2017, 13:43

Who knows, maybe he'll form his own limited company, divert all his income into it and ***** off whilst some other monkey deals with the fallout of his and May's ineptitude.

According to the Register of MPs interests, Hammond is a beneficiary of a trust that owns a housebuilding firm that, according to the Times has been engaging in the 'land banking' so demonised by, um Mr Hammond.

Philip Hammond’s housebuilding company has sat on undeveloped housing plot for 7 years

**pjclarke** · 23 November 2017, 14:44

Anthony Codling, analyst at City firm Jefferies, calculates that the average buyer spends £165,000 on a first home. The removal of stamp duty on a such a property will be worth £800 – small beer if you’re aiming for a 5% deposit, representing £8,250 in this example. “If the goal of the budget was to help increase home ownership, the wrong lever has been pulled,” was Codling’s common sense conclusion.

https://www.theguardian.com/business...ing-help-lines