Landlords are joining together to challenge the Conservative’s (Tory) tax hike filing a suit in the high court against their tax increase on“buy-to-let” investment properties. One of the reason I have stated that Maggie Thatcher herself would have by now broke with the Conservatives and started her own third party is demonstrated by this abusive tax on property investment. The Conservatives are acting more like communists in London these days for this tax then Government introduced plans to prevent landlords offsetting mortgage interest costs against rental profits before calculating tax. So in other words, they are preventing the leverage in real estate which means this can only create a one-sided complete collapse.
David Cameron is perhaps theWORSTConservative in British History. He is doing everything possible to remain in league with Brussels. Cameron’s comment after rigging the Scottish vote to ensure Scotland could not leave the UK was shocking. He said the vote settled the question for“for a generation”revealing his pro-government posture and anti-Democratic undertone. This posture goes all the way to agree with Brussels, and Cameron’s arrogance (video of his speech) was just stunning. His promise for a referendum to leave the EU was a bullshit ploy he never expected would actually stand a chance to win. Now he is scared to death and has the bankers trying to frighten everyone if the in fact left the EU which is insane since the bankers themselves will fall if they remain inside the EU with what is on the horizon.EVERYTHINGMaggie Warned about has come true under her own party. Thatcher was always clear that asingle currency was all about the federalization of Europe through the back door. Cameron should what thedebate back in 1990on this issue,
These tax changes supported by Cameron on property in London demonstrate he is no Conservative. The “buy-to-let” tax on property eliminates interest expenditures in the property business unlike all other businesses, this is retroactive not limited in its application applying to future sales but toALLexisting investment properties as well as. This demonstrates how Cameron is not qualified to head any economy for he is creating the S&L Crisis for Britain. As soon as you create a one-sided market, prices implode. He is creating a situation where there will beNO BIDfor such properties.
We will see Britain facing a tremendous political upheaval as we approach 2017. We have warned that a year-end closing for the pound below 147 will warn the currency is preparing to crash. We have additional year-end sell signals at 146.15 and 140.50. The ONLY POSSIBLE HOPE TO SAVE BRITAIN will be Nigel Farage. Both Labour and Conservatives have simply lost their minds.