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Scoop.it!
As stamp duty returns to its pre-pandemic status, there are opposing views over recent tax policy.
Graham Watson's insight:
Opposing views of the stamp duty holiday - one person for it, one against, and interesting reading. However, you need to read the article with a degree of scepticism - both commentators have vested interests. 
Scoop.it!
Analysis: Freezing allowances will lead to more people paying income tax, while the stamp duty holiday is driving up house prices
Graham Watson's insight:
Crikey! What insightful analysis: has Hilary Osborne been reading my Scoop It! board.
You'd think so. However, that doesn't diminish the validity of the points - but they're not exactly insightful.
Scoop.it!
£3.8bn giveaway that fuelled surge in housing market ends same day as furlough
Graham Watson's insight:
There's a call for an extension to the Stamp Duty holiday in the housing market, due to end in March.
Hmmmm. It's an interest policy and has clearly helped prop up the housng market. However, as I've discussed with my Year 13 set, I'm not overly convinced by its distributional effects. It clearly benefits homeowners, and as a result it's inequitable, and will enhance wealth inequality. Increasingly, I wonder whether a direct cash transfer to all of us would have been fairer, and had the same effect on aggregate demand.
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Scoop.it!
Lender says end of stamp duty holiday will not slow growth and first-time buyers will struggle
Graham Watson's insight:
It seems as though the end of the Stamp Duty holiday isn't going to have much effect on the UK housing market, with the nation's second biggest lender predicting that prices will continue to rise.
As a result, affordability will suffer, and first-time buyers will find it hard to get on the property ladder.
Scoop.it!
There has been a fourfold increase in mortgage products for those offering a 10% deposit.
Graham Watson's insight:
This personal finance story is of interest; it implies that lenders in the housing market can see the future direction of travel, after the Stamp Duty holiday ends, and are gearing up to find ways of allowing more buyers access to the market.
In this case, it means reducing the deposit requirement - and if we return to a situation where a 10% deposit is required, instead of 15 or 20%, then it's likely to bolster the market.
That said, others would surmise that we're in danger of returning to the reckless lending of the pre-financial crisis era, or that it tells us something about a lack of affordability in the market.
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USD - US Dollar
DNR - DINAR
GBP - British Pound
INR - Indian Rupee
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CAD - Canadian Dollar
AED - Emirati Dirham
ZAR - Rand
CHF - Swiss Franc
CNY - Chinese Yuan Renminbi
MYR - Malaysian Ringgit
THB - Thai Baht
NZD - New Zealand Dollar
SAR - Saudi Arabian Riyal
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