{"id":130447,"date":"2022-10-03T20:06:50","date_gmt":"2022-10-03T13:06:50","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-is-the-impact-of-45p-tax-u-turn-on-markets-and-mortgages\/"},"modified":"2022-10-03T20:21:50","modified_gmt":"2022-10-03T13:21:50","slug":"what-is-the-impact-of-45p-tax-u-turn-on-markets-and-mortgages","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-is-the-impact-of-45p-tax-u-turn-on-markets-and-mortgages\/","title":{"rendered":"What is the impact of 45p tax U-turn on markets and mortgages?"},"content":{"rendered":"


\nKwasi Kwarteng and Liz Truss will be hoping move reverses some of effects of mini-budgetLive coverage of the UK economic crisisKwasi Kwarteng and Liz Truss have expended a lot of political capital by abandoning their policy to abolish the 45% top rate of income tax and after a week of increasing hostility from MPs and economists. But how has Monday morning\u2019s humiliating U-turn gone down with markets, and has it reversed some of the mini-budget\u2019s turbulent impact on home loans, government debt and the pound? Continue reading…
\n
\nSource : theguardian.com
\nRead more…What is the impact of 45p tax U-turn on markets and mortgages?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kwasi Kwarteng and Liz Truss will be hoping move reverses some of effects of mini-budgetLive...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-130447","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-xVZ","jetpack-related-posts":[{"id":129923,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kwasi-kwarteng-delivers-sweeping-cuts-in-latest-mini-budget-video\/","url_meta":{"origin":130447,"position":0},"title":"Kwasi Kwarteng delivers sweeping cuts in latest mini-budget \u2013 video","date":"September 23, 2022","format":false,"excerpt":"\r Kwasi Kwarteng has delivered his first budget since being appointed to Liz Truss' cabinet. On Friday the chancellor laid out plans to cut stamp duty, scrap bankers' bonuses and get rid of the highest band of income tax in a statement made in parliament. The Treasury has released a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130613,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/obr-forecasts-likely-to-show-60bn-70bn-hole-after-kwartengs-mini-budget\/","url_meta":{"origin":130447,"position":1},"title":"OBR forecasts likely to show \u00a360bn-\u00a370bn hole after Kwarteng\u2019s mini-budget","date":"October 8, 2022","format":false,"excerpt":"\r Predictions handed to chancellor expected to paint gloomy picture for UK economy amid slowing growth outlook and sweeping tax cutsKwasi Kwarteng has been handed independent forecasts on the state of the UK finances that are expected to show a hole of more than \u00a360bn left by his sweeping tax\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-average-rate-on-a-two-year-fixed-deal-soars-to-nearly-6\/","url_meta":{"origin":130447,"position":2},"title":"UK mortgages: average rate on a two-year fixed deal soars to nearly 6%","date":"October 4, 2022","format":false,"excerpt":"\r Government\u2019s 45p tax U-turn and calmer stock markets do not result in cheaper new mortgage dealsThe average rate on a two-year fixed mortgage has jumped to just under 6%, according to data released on Tuesday, dashing hopes that government efforts to calm the financial markets might ease the cost\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129871,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-stamp-duty-cut-will-benefit-wealthier-and-raise-inflation-say-experts\/","url_meta":{"origin":130447,"position":3},"title":"UK stamp duty cut will benefit wealthier and raise inflation, say experts","date":"September 21, 2022","format":false,"excerpt":"\r Government warned measure would create housing bubble that does little to benefit first-time buyersCuts to stamp duty will hurt first-time buyers and stoke an inflationary bubble in the property market as house prices rise at the fastest rate for almost 20 years, the government has been warned.In the latest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129911,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/key-points-kwasi-kwarteng-reveals-plan-for-tax-cuts-in-mini-budget\/","url_meta":{"origin":130447,"position":4},"title":"Key points: Kwasi Kwarteng reveals plan for tax cuts in mini-Budget","date":"September 23, 2022","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Key points: Kwasi Kwarteng reveals plan for tax cuts in mini-Budget","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129915,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kwasi-kwartengs-mini-budget-key-points-at-a-glance\/","url_meta":{"origin":130447,"position":5},"title":"Kwasi Kwarteng\u2019s mini-budget: key points at a glance","date":"September 23, 2022","format":false,"excerpt":"\r The chancellor has delivered his mini-budget \u2013 here are the main points, with political analysisKwasi Kwarteng announces sweeping tax cuts in mini-budgetLive updates: Kwasi Kwarteng announces mini-budgetKwasi Kwarteng says the government was never going to let households face soaring energy bills caused by Vladimir Putin\u2019s war in Ukraine.Reversing the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/130447"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=130447"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/130447\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=130447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=130447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=130447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}