Capital & Interests: The Budget’s Big Test for Labour

In this article, Director Harry Arnold delves into the forthcoming budget with Labour back in power, examining its potential implications for housing and, specifically, mortgages.

Harry says, “Opinion polls will show that while parties in Downing Street and misleading parliament hurt the Conservative brand, it was when interest rates started to soar and the veneer of economic stability shattered at the mini-budget that the majority of middle Britain started to look elsewhere for someone to trust. Mortgages, as it turns out, are political dynamite - tamper with them at your peril.”

Harry continues, “That said, we expect the budget to strike a balanced tone, with tax rises in capital gains, adjustments to inheritance tax, an increase in employer's National Insurance contributions, and possible changes to pension and ISA allowances. This would aid improved public services and plugging those black holes in the finances.”

To access the full article, click the link here: "Capital & Interests: The Budget’s Big Test for Labour."