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IFAs welcome change to stamp duty threshold

IFAs have expressed mixed feelings to the change in the lowest threshold for stamp duty although all welcome it as a step in the right direction.

Mortgage Force managing director Rob Clifford says it will make a very significant difference to first time buyers but it was the minimum change we could have expected in Brown’s budget today.

London & Country’s James Cotton says a rise to £150,000 would have been a more radical step in the right direction.

He says: “It is good something has been done and the pressure on the Chancellor has definitely paid off. I would describe it as a good compromise.”

Chancellor Gordon Brown said : “The change to stamp duty will help hundreds of savers.”


VCT Edge – Ben Yearsley

You might have read in the financial press in the last couple of months the spat going on between Aberdeen and Close Venture Managers over the management of the Murray Johnstone family of VCTs.

Evan Owen

The chief of the IFA Defence Union says terrorists have more rights than IFAs bec-ause of the Financial Services and Markets Act and he wants it overhauled but, while committed to fighting the IFA corner, he is also quick to ack-nowledge that those who flout the rules are indefensible.

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]


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