Boris slashing Stamp Duty

gingercordial

For manifesto promises at general elections the politicians are supposed to try to enact what they've said they want to do. But that's easy to say and difficult to achieve, as a new PM would have to convince all the relevant people as to how exactly that would be done and at what cost - and who knows who the next chancellor will be except that it's very unlikely to be Spreadsheet Phil (*) as he has disagreed so much with Boris. It then has to pass through parliament as a change in law - the assumption is of course that an incumbent government would have a majority to do that, but that's not certain these days.

That's for manifesto promises. This isn't even one of those, it's a leadership battle, and so there's no need for Boris to even try to bring through anything he says in the run up.

So (i) does Boris even win, (ii) does he remember/care what he said, (iii) who does he pick as chancellor, (iv) when is there next a Budget, (v) does it get through Parliament, (vi) is there a no confidence vote/call for a general election during this to completely disrupt it?

I wouldn't hold off doing anything waiting for all that.

(*) I love spreadsheets, so this is no insult as far as I'm concerned.

AdrianC

gingercordial wrote: »

...and who knows who the next chancellor will be except that it's very unlikely to be Spreadsheet Phil (*) as he has disagreed so much with Boris.

Most of Hammond's recent pronouncements have had "And I don't want the bloody job any more anyway" tacked onto the end...

george4064

unforeseen wrote: »

Folks, reality check please.

These are politicians. The will promise whatever you want to get them the job but then have a severe case of amnesia once they have their feet under the table.

Take their promises with a pinch of salt.

Also, it often takes several months for any changes to come into effective. So don't go holding any breaths people!

ProDave

Since when did the PM dictate fiscal policy?

Is that not the job of the Chancelor, based upon the party manifesto?

Crashy_Time

jimmyjammy001 wrote: »

Like other people have said, the house will just go up by 20k as the next person will have saved 20k and the vendor gains even more on their house

This is the type of sentiment that brought us to Brexit in the first place IMO, as many people equate high house prices with loads of foreigners arriving in their town, but don`t look at the very carefully orchestrated global credit bubble that was doing so well for the bankers before it popped (and also after it popped because they got a bailout!) Interesting that the new meme seems to be *If we can bail out the bankers we can bail out the fishermen and farmers"!! The politicians seem aware that they went too far with the debt Ponzi and eventual bailout. Interesting times.

theGrinch

Politicians will say anything to get a vote

Crashy_Time

theGrinch wrote: »

Politicians will say anything to get a vote

Yep, but I think BJ will still try to prop up or inflate the property market after he gets Brexit done, it is the only trick they know really, and that should bring JC into No. 10 for the main event which should be spectacular to watch.

MoneySavingMole

This is the same Boris who suggested we send £350million to the EU every week, and we should spend in on the NHS instead.

As others have suggested, I wouldn't hold my breath for any 'promises' somebody trying to get in to power is making.

Even if they do get in to power, implementing the promises will likely take a long time (just look at Brexit).

silverwhistle

AdrianC wrote: »

So damn near million quid property...?

I don't agree with AdrianC on some matters but here he has hit the mark.



How can someone buying a house of this value not have the gumption to realise that:
1) Mr Johnson will say anything he thinks his particular audience would like to hear.
2) That he has any intention of following through with his promises.
3) That he will have the ability, whether financially or actually being in power long enough, to do so.

SusieT

I guess he is intending to buy a new house when(if) he gets the PM job, therefore cutting the rates of stamp duty would save him money....