Forum | Liz Truss spending tax payers moneyâ€¦ by SitfcB

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Liz Truss spending tax payers moneyâ€¦ 21:38 - Sep 22 with 2521 views

…in the Norwich City FC club shop when she was foreign secretary?

Sackable offence surely.

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Liz Truss spending tax payers money… on 14:08 - Sep 23 with 307 views

tractordownsouth

Liz Truss spending tax payers money… on 09:10 - Sep 23 by bluelagos

Can see how you're happy with any scraps thrown your way. Your situation / frustration is shared by many struggling to buy their first home.

What gets me is the belief (of many) that rising house prices are a good thing. Martin Lewis challenged this view a few days ago, but it is something many homeowners stick to.

The policy (of reducing stamp duty) is designed to prop up the property market and avoid a big readjustment of housing values. The irony here being that if there was a significant fall then you would be far better off if the house you are looking at was say 20% cheaper - stamp duty or not.

The only major beneficiaries of rising house prices are people who own more than one.

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Liz Truss spending tax payers money… on 14:27 - Sep 23 with 294 views

DJR

Liz Truss spending tax payers money… on 09:10 - Sep 23 by bluelagos

Interestingly, the stamp duty cuts (along with the other cuts) looks likely to have the effect of pushing interest rates up to 5% next summer. according to the money markets, which won't really benefit homeowners with a mortgage or potential homeowners.

Liz Truss spending tax payers money… on 18:27 - Sep 23 with 244 views

DJR

The story has been picked up by the Guardian.
https://www.theguardian.com/politics/2022/sep/23/liz-truss-questions-foreign-off

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