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Broker Talkback

Do you think that Tory tax plans, presented at its conference, are a credible alternative government?

Yes 62.5%
No 37.5%

No “I just don’t want the inheritance tax to be brought up to £1m.”

Roger Waters, Barwells Solicitors

Yes “I think that the taxes are fairer and the changes would be fairer to everyone.”

Gavin John Whippy, Cronin Whippy and Company

No “I think that basically they are making the policy to be populists and they’re not taking it seriously.”

Stephen Pett, Director and Staff Benefit Services

Yes “I think it’s viable to raise inheritance to £1m because it would affect so few people and it won’t make that big of a difference anyway. It’s basically a headline grabber but I do think it’s viable.”

Norman Rushbrook, Options Financial Planning

No “I think they’re a good idea but as far as credible goes, probably not. I would be very interested to see if the mass of figures do work out.”

Steven Bates, Bates Financial Services

Yes “They would have a wide appeal.”

Jeff Baggot, Broom Consultants

Yes “There is no reason why it should not work out and I think the alternative should be quite sufficient.”

Steven Youngs, Lansbury Financial

Yes “I think they will be fundable and they’re definitely popular so I think that will assist them in getting elected.”

Billy Singh, Oak Financial Management


PBR: Equity release planners welcome IHT changes

Equity release planners have welcomed the Chancellor’s proposed changes to the inheritance tax threshold.Mortgage Portfolio Services mortgage and equity release planner Simon Chalk says: “At present, many couple have to establish the ownership of their principal residence on a tenants-in-common basis in conjunction with a Will Trust in order to avoid losing one nil rate […]

HBOS shift away from volume could cost £5bn

HBOS is expected to lose over £5bn-worth of retention business as it moves to scrap its annual lending target to focus on margin growth over volume.The lender announced to the City last week that following a fundamental shift in the mortgage market, it will switch to taking monthly decisions on the “trade-off between volume and […]

PBR: Grant Thornton warns non-dom clock began ticking in 2001

Grant Thornton has warned non-doms that have been resident in the UK before April 2001 will begin paying the Government’s new charges from April 2008.In his Budget Speech, Alistair Darling rejected Conservative plans for a £25,000 annual non-dom levy as it would discourage people coming to this country for short term work.Instead the Government will […]


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