Workingman wrote:Sort out the reasons that is not the case. And, if anything, new builds should be taxed to the nth, and then some more.
Well we could ask the Spanish how well that's working out couldn't we? 50% of under 25 out of work. 25% overall out of work. New Builds brought in a boom to end all booms. Then the banks stopped lending. Different kind of boom, like the house falling down.
Banks can't lend. It is as simple as that. The more that the governments insist that banks keep higher capital, the less they can lend. If we want a building industry left, we need to give people the opportunity to buy and spend that hard earned cash making money for the banks. So they can keep it and be "good banks" under the new rules.
It's funny how some simple common sense gets twisted all out of shape when the press get involved.... They loved Brown. That should tell you Every Last Thing you should want to know about Budget coverage from the Press