Property News · November 22, 2017

Philip Hammond shows he is no Robin Hood for younger generation | Patrick Collinson


Benefits for older Britons stay in place, while stamp duty giveaways for first-time buyers are not as generous as they seemWe expected a budget that would take from the old and give to the young. What we got was one that gave a few well-signalled bungs to the middle-aged (higher tax thresholds), some giveaways to the youngish (stamp duty cuts, a new railcard) and left the elderly untouched. And as for the very rich? Well, they’re still living in paradise.Philip Hammond is no intergenerational Robin Hood. While he slashed stamp duty for almost every first-time buyer (outside London) he conspicuously avoided provoking older voters; pension tax reliefs remain sacrosanct, as does the winter fuel allowance and the “triple lock” on pension increases. Continue reading…

Source : theguardian.com
Read more…Philip Hammond shows he is no Robin Hood for younger generation | Patrick Collinson

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