Definately not Labour
Today, I am posting why I personally would not be voting Labour tomorrow, it is a view with one eye on the negative effects it could have on the property industry and the other on a few points in general that others may not be aware of.
It is not only myself that feels that the Labour Housing policies could be a disaster for our industry, experts from across the sector are predicting that Labour policies could seriously damage the Estates and Lettings Industry.
Zoopla property website recently warned, “a Labour government could have serious repercussions for the property market and the economy as a whole”
Labour housing market policies will do nothing for UK property market investment, with the introduction of rent controls and property taxes discouraging landlords and investors, whilst the removal of government support schemes for first time buyers is likely to further lower consumer spending.
It is posted almost everywhere the proposed Labour policies in detail so I will not go on and bore you with listing them all out again, they have been covered in previous posts.
We have seen a turnaround in recent years in the property market under the Cons/Lib-Dem coalition, I would expect that all to be reversed if Labour were to get their way, the proposed “Mansion Tax” is a prime example of a poor policy that is meant to tax the so called super rich which will infact affect ordinary British Families as well. The possibility of falling house prices and rising interest rates would negatively affect our sector and in so doing negatively affect the Property Industry as a whole.
While we look forward as to what might or might not happen if a Labour Government were elected to office, lets just look back a few years and reflect on some of the major happenings under the last Labour Government.
Left the country almost Bankrupt (remember the famous letter “there is no money left”), sold our gold reserves at practically an all time low, food banks were actually introduced during the previous Labour Government, the Rotherham sex scandal which is still being dealt with today, massive opening of the doors too early to European immigration for which they have apologised for, introduced privatisation to sectors of the NHS, still will not give British Citizens the right to vote in a European referendum.
Labour is a definate No for me.