2015 Budget – keeping the land price bubble fed

We note that the budget consits mostly of minor adjustments. The new scheme for “helping” first time buyers does nothing but boost the housing bubble, which we can only assume is cynically intentional. A further land price booster will also continue: the current temporary Small Business Rate Relief, which was due to end on 31 March 2013, will now continue until the 31 March 2016.

However, budgets often contain important changes buried in the small print so it is too soon to pronounce a final verdict.