Originally posted by mattster
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Quantitative easing. Every pound printed is a direct transfer from a hard-working contractor to an idle landlord or other debtor.
£50,000 government backed loans to BTL, stamp duty holiday, 95% government mortgage guarantees, mortgage holidays: all a gift to debtors.
60% taxes for working compared to less than zero taxes (after housing benefit) for BTL.
Basically the whole thrust of government spending is aimed at increasing the value of Sunak’s ten houses. (OK, also giving undeclared handouts to his wife and vast quantities of money to his father in law, but that’s another story).
Money that could have fixed the health service, fed the hungry, is instead being aimed at making the rich richer in a vast mortgage bailout.
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