“House prices now 21% higher than pre-Covid: Nationwide”

Apr 1, 2022 | Housing market

An independent (financial adviser’s) view

OK, hands up, I’ve consistently said house prices can’t go up, certainly at this rate, forever. And I’ve been consistently wrong. So far. I’ve spoken to two clients this week, one buying, one selling, who’ve had to pay or been paid over the asking price. And those new builds are still being built and built in every town and village near us all. What, then, will be the tipping point? Rising interest rates? Enough people still tell me ‘they don’t know they’re born, I remember paying 16%’ to make this unlikely. But a tipping point, alas, there will be, because there always is. And it will probably be mortgage-related.

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“Rachel Reeves may be forced to raise taxes”

“Rachel Reeves may be forced to raise taxes”

Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is  that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.