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Article: ANALYSIS: Joined-up thinking urgently required.
- Article from:
- Mortgage Strategy
- Article date:
- August 18, 2008
CopyrightCOPYRIGHT 2008 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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While any government initiative to stimulate demand in the housing sector should be encouraged, I'm not too excited by the rumoured alterations to Stamp Duty.
This story surfaced in The Sun where it was alleged that temporarily canning Stamp Duty was part of a package of measures being considered by the government.
But the Treasury and chancellor Alistair Darling denied the story and by the weekend the issue had become an example of government infighting rather than practical action.
Even if Stamp Duty had been suspended, to my mind it would have been a piecemeal response that would have done nothing to improve the market.
As an ...