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EXPRESS COMMENT

LABOUR'S POLICIES BRING A PROPERTY CRASH CLOSER

Friday June 13,2008

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If Britain suffers a house price crash then immense damage will be inflicted upon the economy.

So it is high time the Government took decisive action to stave off such a possibility by slashing the taxes it plunders from the property market.

When Labour came to power Tony Blair insisted that it had come around to the idea of Britain as a homeowning democracy. What a shame that he forgot to tell Gordon Brown.

From the word go Brown targeted the property market for stealth taxes. He repeatedly raised stamp duty rates and froze thresholds, raking in billions during the long housing boom.

But he hit the finances of people when they were most stretched and punished them for trying to provide their families with a decent home.

Many people added four or even five-figure stamp duty bills on to their mortgages in the expectation that rising house prices would ultimately boost their wealth. But now prices are falling, Mr Brown’s punitive tax regime has become more damaging still.

Would-be buyers are being told to stump up bigger deposits and do not have any spare cash to pay Brown’s massive levy. He is therefore excluding hundreds of thousands from the dream of owning their own home and thus making a slump much more likely.

Labour’s addiction to tax is only equalled by its addiction to meddling and it also chose to force ridiculous and expensive Home Information Packs on vendors just as the market was on the turn.

Now it emerges that local authorities have been empowered to levy a “bedroom tax” on extensions, too. Taxed to the hilt if you buy a house, forced to incur massive expense before you can sell it, taxed if you choose to stay put and extend your existing home.

This is the reality of property ownership under Gordon Brown. No wonder the market is heading south.

COMRADE BROWN PERCEIVES PROPERTY OWNERS AS KULAKS

13.06.08, 6:07pm

Anyone believing New-Labour favours a private individual’s rights to property does not grasp the core of these collectivists’, doctrine. Comrade Blair and, subsequently, Comrade Brown duped an entire nation with the Big Lie. Now, homeowners are left holding the proverbial bag.
Comrade Brown perceives property owners as, no more than, Kulaks – well-to-do peasants - who are best to be disenfranchised. His eventual objective is to level the playing field between the haves and have-nots… by overtly taxing those, of us, whom have, in his perverse view, thrived… for example, becoming a homeowner.
Chairman Brown and his collectivist gaggle are succeeding, whether it is by purging and pillaging property owners or simply, hardworking taxpayers.
The results are already obvious, it is called mediocrity… this is the benchmark set by Brown and his Kremlin-ites. The evidence is not only found in the said property-crash but in the total erosion of our democracy, our individual rights.

• Posted by: misanthrope • Report Comment