Stanley Property London

Patrick's Property Politics

Ignore the lot of them and Grind ourselves to Growth!

Tuesday 21st March 2023

By Patrick Bullick

Those of you who read my PPP will know that I do follow property politics pretty closely - but sometimes I really wonder why I bother!

Jumped-up Jezza’s phenomenally unimaginative budget was dull as ditch-water.

It largely ignored the glaring opportunity to boost the economy through a proper plan for property.

This ‘lazy’ effort simply does not cut the mouse-turd as a ‘Budget for Growth’.

 There were a couple of good things which will help:

1. Redefining nuclear power as a green form of energy, allowing it to benefit from grants, is essential to help create a secure independent long-term low carbon energy supply for the UK. Rolls-Royce small modular reactors can be a speedy alternative to the Sizewell C’s of this world and the financing isn’t necessarily dependent on ‘challenging’ regimes- i.e. China or France.

2. Wrap-around child care for kids from 9 months onwards, so as to allow women quickly back into work to maintain their careers and the economy - is an excellent idea. See my slightly different angle on this topic in my School Schedules Suck previous blog: https://www.stanleypropertylondon.co.uk/blog/school-schedules-suck

‘Full Capital Expensing’ is also a good idea.

However, it in no way compensates for erecting a large Board (in estate agency parlance) over this country. 25% Corporation Tax is the headline description sitting fatly over UK PLC. That is simply not competitive and will not attract international investment. The Treasury persists in slavishly following EU tax rates - so much for taking advantage of Brexit freedoms.

Doom-laden predictions from the Treasury, OBR, OECD, IMF and BoE are reliable only in their unreliability.

We need to ignore the lot of them - and the politicians.

It looks like we are forced to Grind ourselves to Growth.

Sign up for market updates

Other articles you might enjoy

CGT Reprieve?
Just A Minute: Right Turn
Just A Minute: I Give Up
'C' How You Like It MPs?
Just A Minute: Cleverly Done?
Just A Minute: Consecutive Conveyancing
Bad Budgets & Behaviour
Just A Minute: Rachel Reeves Rumours
Just A Minute: Councils Building Council Houses
Communism and the Civil Service
Just A Minute: A View from the Fish Tank
Just A Minute - Landlords leaving under Labour
Market Trends and Tax Challenges
Just A Minute - PB's Plea to S'Kier
Is PWT APT for the UK?
Just A Minute - LonRes Lowdown
Goving, Going, Gone.
Just A Minute: Foreign Investment Fury
Savvy Supermarkets
Just A Minute - Forever Home
To Sell or Not to Sell? That is the Question.
Will the Scottish Shambles lead to a Labour Landslide?
Just A Minute - Property Taxes Under Labour
Vested Interests Strangling UK Property
Just A Minute: Non-Dom Taxes & London
I'm not my usual furious self. Why?
Just A Minute - ONS Statistics Seasonal, Surely?
Budget Leaves Landlords Bereft
Short-Let Sh*t Show
Just A Minute - Short Let Shambles
Easy Access In Old Age
Share All The Sh*t
Just A Minute - Renters Revenge Bill
Stop Buggering-up Brexit. Drop taxes and Build, Build, Build.
Are We Missing A Trick?
Just A Minute - Interest Rates Shocker?!
Happy Christmas - Enjoy Election Year!
Tories Trash 2023
KC3 & the Right to be Free
Just A Minute - Inflammatory Interest Rates
Best ways to make money from London property
Steer clear of S’Keir?
Just A Minute - AirBnb and long lettings
Is it Smart To Invest in Repossessions?
It isn’t just Parties & Prostitutes
Banks take Tenants to the Dark Ages
UK House Prices - August Review
Death, Divorce, Downsizing & Now Debt
Just A Minute - Pitfalls of the Politically-Exposed...
Rates of Interest in London - It’s Not a Horror Show
The Sharks are Circling
Why AI!
Just A Minute - Stamp Duty Is Silly Money
Tenants in Double Trouble
Just A Minute - Renters Revenge Bill
Farmers Forked by Skier?
Renters Revenge Bill
Just A Minute - 100% Mortgages
A Clear Steer from Skier (Starmer)?
To Inherit or Be Gifted ...that's the question!
Just A Minute - Questionable Question Time
KC3 and the Winds of Change
Doom and Gloom - Get me a Broom…
Just A Minute - Spring Budget
Rising Rents and our Muppety Mayor
Help to Buy - Time to Die
An Englishman’s Home is his Castle
Ignore the lot of them and Grind ourselves to Growth!
What new Hunts-Trick can we expect in the Budget?
Housing is a Step Up the Ladder
Are We All Scots Now?
Fill a Field vs Brand New Towns
Happy Christmas in Troubling Times
ER ll
Too old to 'Rock & Roll' but too young to die.
Strangle The Supply, Throttle The Treasury
Jeremiah was a Bullfrog (Joy to the World)
Modern Mini-Manifesto
Patrick's BBC Wake Up Call
Rishi Rides to the Rescue
Pension ‘Professionals’ cause Property Problems
Conservative (Ms) Communication & Catastrophising Keynesians
Even The Rich Benefit From Equity Release
School Schedules Suck
Perils of Predicting Politics and Property...
Ride the Wave of the Short-Let Sh*t-Show
Sushi or Sashimi - or the Vampire Squid that is HM Treasury?
Short Sadiq & Silly Lets - Sorry, wrong way around perhaps?
Tory Tw*ts & their Terrible Taxes
Where's The Get Up and Gove?
Tony Blair: An old warmonger with ideas
Lovely Jubbly Jubilee!
Far from falling – Central London flat prices may be about to take off.
I do feel rather old...
To Landlord or Not to Landlord? That is the question.
The impact of rising gas prices and Russian sanctions on the central London property market
Contrary Views & Bullshit
School gate Skills Scandal
1st quarter 2022 prime central London market analysis
Does Rishi Sunak's statement promote Spring growth?
Air-Source Heat Pumps - Hot Air for London
London Property Market. Less a Laundromat - more an Airing-Cupboard
Childish Chelsea Chanting
As interest rates rise, the rental investor still wins
ONS predict UK population growth plateau. Is it a demographic time bomb or a tax-easing gift horse?
No gains – No tax. Typical Treasury Twittery
Arrange a free market appraisal of your property

Send us your details and we’ll give you a call to arrange a convenient time to appraise your property:

Your details

Thank you for your request.
We’ll be in touch soon to arrange your market appraisal.

Thank you for your request.
We’ll be in touch soon to confirm your appointment.

Thanks for submitting

Share this article
Sign Up For Market Updates