Chris Foulkes
@chrisfoulkes.bsky.social
Publisher & editor- wine books mostly. Wooden boat custodian. London, UK
Exactly. And as it extends into the mainstream market (it will…) a %age tax allows government to tweak the property market. Drop it by 1/2% to stimulate activity, raise to supress An “end boom & bust” tool as well as a revenue raiser.
November 28, 2025 at 3:45 PM
Exactly. And as it extends into the mainstream market (it will…) a %age tax allows government to tweak the property market. Drop it by 1/2% to stimulate activity, raise to supress An “end boom & bust” tool as well as a revenue raiser.
Arise the People’s front! No, the front for liberation of…..! Comrades, the correct line is….
November 28, 2025 at 8:58 AM
Arise the People’s front! No, the front for liberation of…..! Comrades, the correct line is….
From my hospital bed I lack access to figures so I’m bowing out of that debate
November 27, 2025 at 11:22 AM
From my hospital bed I lack access to figures so I’m bowing out of that debate
Broad brush figures on homes and households do match. If more homes, then indeed more households will form. The danger is in letting the property industry loose to build what they profit from. A planned social housing program financed by taxation would be OK, but where is the money for that?
November 27, 2025 at 11:19 AM
Broad brush figures on homes and households do match. If more homes, then indeed more households will form. The danger is in letting the property industry loose to build what they profit from. A planned social housing program financed by taxation would be OK, but where is the money for that?
Once a tax exists it tends to spread. To do so, govt would need to abolish or severely curtail stamp duty in parallel. But no government can resist gaining a revenue stream that can also be used “in the public interest “ to manage the property market
November 27, 2025 at 11:12 AM
Once a tax exists it tends to spread. To do so, govt would need to abolish or severely curtail stamp duty in parallel. But no government can resist gaining a revenue stream that can also be used “in the public interest “ to manage the property market
The “supply guys” response. There are enough homes , mmany in the wrong place, and too many owned for financial not “shelter “ reasons. Cut the £ incentives (taxes on landlords go in this direction) and more properties become available as er homes. CGT on owner occupied homes inevitable though.
November 27, 2025 at 11:08 AM
The “supply guys” response. There are enough homes , mmany in the wrong place, and too many owned for financial not “shelter “ reasons. Cut the £ incentives (taxes on landlords go in this direction) and more properties become available as er homes. CGT on owner occupied homes inevitable though.
And the existence of a property tax gives government a lever to manage the market. Extend it to £1million or £0.5M (inevitable- how many taxes are ever abolished?) and the Treasury can tweak the %age tax rate to stimulate/curb the market. Danes did this; a BoE report from around 2005 went into it.
November 27, 2025 at 11:03 AM
And the existence of a property tax gives government a lever to manage the market. Extend it to £1million or £0.5M (inevitable- how many taxes are ever abolished?) and the Treasury can tweak the %age tax rate to stimulate/curb the market. Danes did this; a BoE report from around 2005 went into it.
How many detached houses in Hackney, either the (local authority) borough or the (“I live in Hackney”) neighbourhood? Very few. Treat these figures with care: property data providers use the same types (semi, detached, terrace etc) for all their data zones.
November 27, 2025 at 10:32 AM
How many detached houses in Hackney, either the (local authority) borough or the (“I live in Hackney”) neighbourhood? Very few. Treat these figures with care: property data providers use the same types (semi, detached, terrace etc) for all their data zones.
Council tax is of course linked to value (third of a century out of date value) but it’s at least in intention a local tax.
November 27, 2025 at 10:27 AM
Council tax is of course linked to value (third of a century out of date value) but it’s at least in intention a local tax.
Important to note that “mansion “ is the first time property values have been linked to national taxation. It opens the door to further use of this tool. Denmark used/uses a 1% (+/-0.25) tax on property value as a lever to manage housing market. (May be out of date as my research 20 years old.)
November 27, 2025 at 10:25 AM
Important to note that “mansion “ is the first time property values have been linked to national taxation. It opens the door to further use of this tool. Denmark used/uses a 1% (+/-0.25) tax on property value as a lever to manage housing market. (May be out of date as my research 20 years old.)
Have they worked out which is the right way up yet?
November 26, 2025 at 7:40 AM
Have they worked out which is the right way up yet?
Jurors being ordinary people have in my limited experience a clearer idea of how the police, due to incompetence and occasionally malice, can distort evidence. I asked my fellow jurors “how many of you have given statements to police and how true to your words were the results? Answer (a) 12, (b) 0
November 25, 2025 at 8:50 PM
Jurors being ordinary people have in my limited experience a clearer idea of how the police, due to incompetence and occasionally malice, can distort evidence. I asked my fellow jurors “how many of you have given statements to police and how true to your words were the results? Answer (a) 12, (b) 0
That would be the correct line for him to follow
November 25, 2025 at 1:05 PM
That would be the correct line for him to follow
And pizza is foreign. Bread and dripping is working class
November 25, 2025 at 12:54 PM
And pizza is foreign. Bread and dripping is working class
When newspapers were run by humans this could be countered The Daily Mirror sold 5m copies a day in 1970 and informed— with superbly researched and presented “shock issues “ as well as entertained. Then came Rupert Murdoch.
November 24, 2025 at 9:14 AM
When newspapers were run by humans this could be countered The Daily Mirror sold 5m copies a day in 1970 and informed— with superbly researched and presented “shock issues “ as well as entertained. Then came Rupert Murdoch.
That’s called Getting Breakfast Done (remember?)
November 24, 2025 at 9:05 AM
That’s called Getting Breakfast Done (remember?)
I am working on it, honestly
November 24, 2025 at 8:35 AM
I am working on it, honestly
Reposted by Chris Foulkes
Clearly Farage has no idea who Nathan Gill is.
November 21, 2025 at 11:43 AM
Clearly Farage has no idea who Nathan Gill is.
A country that welcomed Johnson as PM could be said to have got what it deserved
November 20, 2025 at 6:27 PM
A country that welcomed Johnson as PM could be said to have got what it deserved
How far north (or south)?
November 19, 2025 at 10:25 AM
How far north (or south)?