‘Sweetheart’ deal between HMRC and Goldman Sachs was struck to save Government embarrassment #disgrace
Commonsense, just commonsense #UK #Osborne #UKuncut
How is it, that costs of infrastructure projects are now being estimated substantially below the levels of the past decade?
This project to build the new A43 Corby Link Road is 1/3 below initial cost estimates.
Although this project is a mere £24m, it goes someway to explain why the UK government has a huge budget deficit. Ministers in charge of large infrastructure projects lost touch with reality and simplistically handed over open checkbooks to constructors.
So while the taxpayer overpaid, the UK plc and it’s shareholders benefitted. So is it time to redress the balance and impose a one-off windfall tax on huge companies, that have been reaping huge rewards as a result of Labour incompetence?
Not sure it would go down too well, although it would help to reduce the deficit.
Take it from me, the ‘super-rich’ don’t care that a house will cost them an extra £140K of stamp duty.
And let’s face it if you’ve got £10m to splash out on your pad, what’s another £700K stamp duty?
After all, John Terry can earn that much in 6 weeks.
Common sense, don’t buy a £2m mansion without it.
- Stamp duty soars on homes over £2m (independent.co.uk)
- Stamp duty: Estate agents voice fears as plug is pulled on the rock star’s property trick (independent.co.uk)
- Closing Stamp Duty loophole should just be the start (redbrickblog.wordpress.com)
- Estate agents warn that stamp duty raid could hit all homeowners (independent.co.uk)