George Osborne's tax hikes on the UK's booming buy-to-let
sector has left landlords feeling less confident about their prospects than in
the darkest days of the financial crisis, according to a group that represents
them. A survey by the National Landlords Association found confidence in their
business expectations was 43%, down by a third over the year and an
all-time-low. Confidence in buy-to-let is 5% lower than its 2007 nadir. Osborne
is raiding the buy-to-let sector to raise money for doubling the government's
house-building budget to £2bn. The chancellor wants to increase home ownership
and the government has a number of policies to help first-time buyers get onto
the property ladder, such as the Help to Buy scheme and the building of 200,000
discounted "starter homes". Read more on the International Business
Times website.
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