Chan­cel­lor’s Bud­get ‘good for mar­ket’

Northants Evening Telegraph - Property - - NEWS - By Neil Tid­marsh

Doesn’t time fly, with nearly three weeks gone since the “tough” mea­sures to re­duce the deficit in Ge­orge Os­borne’s emer­gency bud­get.

Lo­cal es­tate agency Wil­liam H brown in Northamp­ton­shire said the Chan­cel­lor’s fis­cal plans over the next five years were good news for the hous­ing mar­ket.

Not only were in­creases in Cap­i­tal Gains Tax less se­vere than first thought, the Chan­cel­lor gave a clear mes­sage that the UK was “open for busi­ness”, which is start­ing to in­stil con­fi­dence and stim­u­late ac­tiv­ity in the UK econ­omy for the fu­ture.

Ge­orge Os­borne’s emer­gency bud­get was tough, but fair, strik­ing a good bal­ance be­tween in­vest­ment in the econ­omy and pay­ing off the bud­get deficit.

It is en­cour­ag­ing that Cap­i­tal Gains Tax did not go up as much as the pun­dits pre­dicted, es­pe­cially for land­lords and prop­erty in­vestors, and that the Chan­cel­lor de­cided not to in­crease Stamp Duty, or make any changes to the pre­vi­ous govern­ment’s Stamp Duty ex­emp­tion for first-time buy­ers on prop­er­ties of up to £250,000.

Al­though tough de­ci­sions had to be made in the bud­get, Wil­liam H Brown feels con­fi­dent that Os­borne’s plan to strengthen the econ­omy over the next five years is great news for the UK hous­ing mar­ket.

It should over­come the un­cer­tainty that has been present in the run-up to both the Gen­eral Elec­tion and the emer­gency bud­get, so that peo­ple can now make mov­ing de­ci­sions with a greater de­gree of con­vic­tion about the fu­ture of the econ­omy.

If you want to move home this year, and would like to dis­cuss your op­tions, mort­gages and the lo­cal hous­ing mar­ket, please con­tact Wil­liam H Brown on 01536 518555.

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