You can expect a flood of apartments onto the market in London in the next few months. This will have a neat impact on prices. Recent poorly thought out changes to UK taxes (potential flat GBP 30k charge on foreign income) are going to drive a large number of expats out the door by April 2008.
A couple of interesting links for y'all.
BBC.co.uk £1 a litre - how much of that is political?
Financial Times Non-doms could be driven to seek more agreeable locations
Messrs Brown et al have completely lost the plot. They are spending more than they are earning, so they need to find alternative revenue streams. In the meantime they are putting the country into an enormous debt that is going to take a helluva long time to clear. The only way to increase revenues they have decided is through increased taxation & debt (we'll let some other Govt worry about paying back the debt
I have to say it really does p me off (in case you hadn't noticed
) because it is just a waste of resources. The Gold debacle, the private sector pensions debacle (to benefit the public sector pensions purse), the Olympic debacle & increases in council tax (Oh how M Chirac must be chortling at that one, got his own back on Tony for the snide comments about the war.), The punitive, regressive tax policies AND they have nothing to show for it - one would not mind if there was an actual benefit - the alleged marginal increases in public sector services are nowhere near the increases in public sector spending, i.e wasted revenues.
It is just jobs for the sake of jobs. Classic post war Keynesian tax and spend policies (spending in public education, health and housing), but we still happen to be funding a war in this instance. All we need now is a supply side shock ala '73 oil crisis.
Speaking of oil - at the same time we have to pay more and more to use private transport (1 litre of fuel = 70% tax!, than we have road tax (now linked to carbon emissions so 'justifiable' annual increases there
) IPT, Congestion charge, planned road user pricing etc, etc, etc but hang on a second, they are doing this to encourage us to use public transport - the same public transport systems which have been subjected to public sector pay strikes leaving commuters where? - reliant on private transport or by the side of the platform with no trains/buses etc etc etc and these PUBLIC transport systems are actually run by private sector companies who are going to increase the fares in order to meet profit targets, sorry I mean investment criteria!! Oh I get it.
Can you smell it? the bull$hit.
Phew OK got that off my chest then, for the timebeing at least - the irony for me is that actually I have never been a lifelong 'blue' or a 'red' just somewhere in the middle like most people. But I think that seeing red is definately making me blue.