A Shock Stamp Duty Increase & More – Budget Roundup
Hello readers, Today is the day we have all been nervously waiting for – the first Labour budget in 14 years. Dubbed a bombshell budget, stuffed full of tax rises (£40bn to be precise), this budget outweighed those of Rishi Sunak in 2022, George Osbourne in 2010 and Gordon Brown in 2002. This budget lays […]
What Can Medway Investors Expect From Rachel Reeves’ ‘Bombshell’ Budget?
Hello Readers, It’s budget week! There’s a huge amount of speculation as to what it could include and I thought I’d pick out some of the key areas I’ve spotted that might affect landlords. We’ll go straight in! Capital gains tax I have read that Rachel Reeves is reportedly considering making capital gains tax for […]
450 Homes Proposed At A Controversial New Scheme In Hoo
Hello readers, Medway’s planning portal is seeing several larger developments coming through at the moment and I have just spotted another proposal. This outline planning application is for 450 homes on farmland in Main Road, Hoo. The developer, Taylor Wimpey, has outlined that plans include a local community hall, allotments and play areas however the […]
An economic recovery, but is it enough for a base rate drop..?
Hello Readers, If you’re following the Bank of England’s interest rate announcements, you will undoubtedly be aware that the latest decision was to hold the base rate at 5.25%, however it’s possible there may be a rate cut later in the year. Interestingly, the BoE Chief Economist Huw Pill commented how: “We still have a […]
FOI request reveals EXACTLY how Medway Council has spent their Housing Infrastructure Fund allocation
You may recall how, back in January, it was announced in the media that despite a crisis in homebuilding, two thirds of the £4.2bn UK housebuilding fund remains unspent by local authorities. Launched in 2017, the Housing Infrastructure Fund was created to help jump-start housebuilding by providing councils with grants for key infrastructure such as […]
