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such systems are going to create a lot of jobs and require massive computer systems and therefore generate a lot of employment as well as stopping house prices from falling which will give borrowers/consumers more confidence and bring the economy back into growth
FFS this government has no grasp of basic economics. What next?
<conspiracy theory>
I think they want us to be part of the public sector, where we can enjoy our tax-payer subsidised canteens and go home to our tax-payer subsidised housing paid for with tax-payer subsided loans. If I wanted to live in France I would.
</conspiracy theory>
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Alistair Darling is drawing up a series of radical proposals to revive Britain's beleaguered housing market as new figures show soaring numbers of homes being repossessed.
Among the measures being considered by the Chancellor are:
*A plan to reintroduce income support for mortgage interest payments for homeowners who lose their jobs.
*Suspending stamp duty so buyers only pay the tax after several years in their new home, or perhaps not until they sell the property.
*Creating a new, tax-free fund to help first-time buyers raise the deposit they need to get on the housing ladder.
------------------------------
all aboard, the gravy train is running again
Milan.
Oh FFS I despair! If you do nothing about the supply of houses, but just give some people some money to help them to buy, you are just:
1. pushing up the price and therefore giving the money straight to the sellers.
2. helping some people on to the housing ladder at the direct cost of pushing some others off it.
WTF? This is really crazy.
The rest of the entire World even socialist Europe wouldn't do that, they would, and do make interest payments tax deductable.
And then the government giving people money to buy property they can't afford? Is this for real? They are truly insane.
This government has no vision...they can't see past the end of their nose.
I'd recommend sending a letter (or starting a petition) but you'll end up with the usual "economy growing, Government looking at various proposals" blather.
such systems are going to create a lot of jobs and require massive computer systems and therefore generate a lot of employment as well as stopping house prices from falling which will give borrowers/consumers more confidence and bring the economy back into growth
[url]
Among the measures being considered by the Chancellor are:
*A plan to reintroduce income support for mortgage interest payments for homeowners who lose their jobs.
*Creating a new, tax-free fund to help first-time buyers raise the deposit they need to get on the housing ladder.
------------------------------
all aboard, the gravy train is running again
Milan.
WTF? This is really crazy.
The rest of the entire World even socialist Europe wouldn't do that, they would, and do make interest payments tax deductable.
And then the government giving people money to buy property they can't afford? Is this for real? They are truly insane.
------------------
Alistair Darling is drawing up a series of radical proposals to revive Britain's beleaguered housing market as new figures show soaring numbers of homes being repossessed.
Among the measures being considered by the Chancellor are:
*A plan to reintroduce income support for mortgage interest payments for homeowners who lose their jobs.
*Suspending stamp duty so buyers only pay the tax after several years in their new home, or perhaps not until they sell the property.
*Creating a new, tax-free fund to help first-time buyers raise the deposit they need to get on the housing ladder.
------------------------------
all aboard, the gravy train is running again
Milan.
The easiest way to solve it is to create a time machine then stop the bubble from happening.
------------------
Alistair Darling is drawing up a series of radical proposals to revive Britain's beleaguered housing market as new figures show soaring numbers of homes being repossessed.
Among the measures being considered by the Chancellor are:
*A plan to reintroduce income support for mortgage interest payments for homeowners who lose their jobs.
*Suspending stamp duty so buyers only pay the tax after several years in their new home, or perhaps not until they sell the property.
*Creating a new, tax-free fund to help first-time buyers raise the deposit they need to get on the housing ladder.
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