Well this didn’t take long now did it!?

The National Economic and Social Council are worried that the drop in house prices is going to hit the coffers because smaller house prices means smaller stamp duty. This means the Government won’t get as much revenue in tax so they are proposing that we replace stamp duty with a property tax that all property owners would pay! The council claim that such a tax would be more equitable.

It’s been what, about five minutes since house prices started to fall?

Where the hell was the proposal to reduce stamp duty when house prices were going through the roof over the last decade and the exchequer was making a fortune?

No talk about equity back then!