It is the spending that needs to be controlled and reduced, rather than taxes increased yet further.
Posts Tagged: Stamp Duty
The tax take is at its highest ever, and yet the Government is looking at ways to raise yet more taxes.
Chloe Westley: Enough talk of tax rises from Tory Ministers. Let’s have tax cuts instead. Or else what are they for?
The Conservatives are not going to win the hearts and minds of the British people by proposing Labour-lite policies. There must be something different on offer.
In the post-leave springtime, it will be worth considering what would happen if all three were abolished and replaced by a single Turnover Tax.
Which taxes should Tories cut? 3) Julian Jessop: Reduce sin taxes and property taxes to give the economy a fillip
The final article in our series argues that while the primary focus should be deficit reduction, there may yet be room to make life a bit easier, particularly for the poorest.
The second piece in our series on reducing taxes also argues that in the longer term we should seek to return to a two-rate Income Tax system.
Which taxes should Tories cut? 1) Sam Dumitriu: No virtue-signalling giveaways, hammer taxes that hold back growth
After our recent series asked ‘What should Tories tax?’, the Adam Smith Institute’s Head of Research kicks off a new mini-series seeking routes to lower taxes.
A Council Tax revaluation, and higher bands for higher value properties, would be an acceptable price to pay in return for the abolition of Stamp Duty, too.
Nadhim Zahawi: Unfussily, quietly and impressively, Hammond’s Budget has prepared the ground for national recovery
The Chancellor has not suddenly changed who he is; he has carefully analysed the issues we face and plotted out a course of action to build a Britain fit for the future.
Plus: We need a Housing Minister who will do for new homes what Michael Heseltine did with development corporations in the 1980s.
The lack of a Conservative Commons majority prevented the Chancellor from doing much more than playing it safe – which he did effectively.
It continues to clear the deficit, prepare for Brexit, and back our businesses with the support they need to boost productivity.
Hammond’s plan – from abolishing Stamp Duty for most first-time buyers, through to reforms to help Universal Credit recipients.
WATCH: Hammond’s Budget rabbit – Stamp duty abolished for all first-time buyer purchases up to £300,000
“A temporary stamp duty holiday would only help those who are ready to purchase now and would offer nothing for the many who will need to save for years.”
Given the resistance of Tory MPs to spending cuts and tax rises, Hammond’s easiest course would be to push any into the future. But this wouldn’t be problem-free…