Monday, October 28, 2024

Hampshire residents’ expectations ahead of the autumn Budget

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Simon Brooks, 57, an estate agent said he is expecting the government to “tax more than they previously suggested” and “it’s going to get worse before it gets better”.

He explained that he doesn’t mind paying taxes but that it’s the “sneaky taxes I don’t know about that worry me”.

He said he’s concerned about employer national insurance contributions, because he believes “it all filters down to the bottom, it gets to us all eventually”.

Mr Brooks said he is already seeing a “huge difference” in his sector and has noticed a “drop in activity as well as enquiries”.

He added: “It’s tough out there” and “the whole country is on tenterhooks” waiting for the budget.

He said: “I’m worried for the state of the housing market and the confidence in it.

“I’m hoping the budget will release some information and maybe some tax breaks.”

He added that he would like to see “further relief on stamp duty for first time buyers”.

He believes this would “stimulate the bottom of the market where there’s a lot of uncertainty”

“Stamp duty is a huge sum of money on top of a deposit for most first time buyers,” he added.

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