When this Government got here into energy final yr, I used to be completely satisfied to lend them my assist.They campaigned on the premise that the UK wanted a Government that may lead the nation as an alternative of blindly reacting to the problems of the day. Unfortunately, it seems to be as if the UK wants this now greater than ever.
The cacophony of noise coming from the Treasury by leaks and kite flying is inflicting one of many worst self-inflicted accidents I’ve seen from a Government since earlier stamp responsibility adjustments have been introduced in however not carried out till months sooner or later.
The uncertainty brought on by the rumours surrounding touted insurance policies is extraordinarily damaging and toxic for enterprise and client sentiment.
The worst injury brought on by Brexit was the insecurity and uncertainty for years that prevented the general public from making choices and companies from making investments. We noticed the identical final yr within the run up to the Budget and we’re witnessing it once more. The Government has sadly realized nothing from the previous.
The panic, confusion and uncertainty sparked by these potential new taxes have precipitated nearly 20% of our agreed gross sales in August to see the consumers withdraw solely per week or two later.
The shadow of the Budget now looms and this fixed chatter will put a maintain on the property market throughout September and October, detrimentally affecting the general economic system while we’re on this limbo. Since this Government is counting on progress to remedy all its issues, I might say this was an ideal storm, however this seems to be one other regular day beneath this Government.
The insurance policies being touted are additionally disastrous and present a complete lack of information of the UK’s housing market. The mansion tax will destroy the middle-class residing in household houses throughout London and the Southeast.
We’ve simply had an rate of interest reduce and all the opposite indicators level to a market that must be booming particularly with September being a seasonally good month. If the Government might simply preserve quiet and cease scaring the horses, it might do way more to assist its progress mission than any of its coverage proposals.
Simon Gerrard is chairman of Martyn Gerrard Estate Agents
