What are you up to this weekend?
We’ve had another busy week at McAndrew Martin as we look forward to the weekend.
July has continued where June left off with business continuing to increase as we head further into the summer.
The weekend papers are sure to be full of speculation about Chancellor George Osborne’s budget next Wednesday – the first Tory budget since 2006.
After five years of governing with the Lib Dems, the Conservatives will have the freedom to announce policies and measures that they want.
It will be interesting to see what Mr Osborne pulls out of the hat, especially when it comes to property and construction.
Recently, the shake-up of Stamp Duty was the headline grabbing surprise although it’s unlikely he’ll do anything quite so radical this time around.
He’s more likely to find ways of revenue raising and hacking back the deficit. Whatever measures Mr Osborne does take, they have to be business – and property market – friendly; he must also make sure that he doesn’t choke off any momentum gained with growth.
With buy to let starting to pick up and the housing market remaining strong, it’s important he strikes a balance between supporting the market and ensuring it doesn’t surge out of control; although obviously much of this falls into the hands of the Bank of England too.
Either way, we suspect Mr Osborne won’t be getting too much rest this weekend as he fine tunes his announcement with key advisors.
As well as the freedom to make his own economic mark this time around, he also has great responsibility – and no excuses – to ensure further economic growth going forward.
If you’re working, househunting or just relaxing and enjoying the summer, have a great weekend.
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We’ve had another busy week at McAndrew Martin as we look forward to the weekend. July has continued where June…