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Pre-Budget report – property is disappointingly absent from the report says Hamptons

Property is disappointingly absent from Gordon Brown’s pre-budget report says Hampton’s International Mortgages broker Jonathan Cornell.

Gordon Brown spent a lot of the report defending his accounting says Cornell.

It is disappointing, yet unsurprising Brown has yet again failed to address the stamp duty issue. Cornell would have liked Brown to introduce a more realistic first band-level of stamp duty at around 150,000 from 60,000 to be more in line with the average house price. But Cornell concedes this is “wildly optimistic.”

Cornell says: “The property market has been the cornerstone of the UK economy. He could have shown a debt of gratitude to UK property owners.”

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