Re. FHL - Unintended consequences?
Scrapping interest relief will certainly generate the revenue that Hunt so desperately needed but the consequences will potentially be disastrous.
The removal of this relief from long-term lettings pushed some landlords into short-term letting and others to leave the market altogether. The result of this was a) higher rents and b)fewer properties available.
If (as the cover story was told by Hunt) this measure was intended to make more properties available for long-term letting in areas such as Cornwall, it will fail. Owners will undoubtedly sell up and leave the market but their £0.5m to £5m houses are not going to be snapped up by first time buyers. The ancillary services that FHL’s employ (I.e. the very people who can’t afford current rents) will be out of work and the wider tourist-based economy will go into a slow decline.
Far rather that the Chancellor should have revisited the original relief for long-term letting and brought the rents down. That would have been a wiser strategy for growth. But then that of course is not his problem..
And AR is no longer Augmented Reality but Abdication of Responsibility.
So it's absolutely: Tories Only Think About Laissez-faire Community Responsibility As a Person
Easy to repeat... Note in the video how the cell fills from the right hand side? This happens when you set the cell to be 'right justified'. So you simply delete the contents, then type in $500 but don't press enter - just leave the cursor blinking away within the cell (see how it does in the video?). The formula won't add up the column until you press enter or click outside the cell!
My answers
Re. FHL - Unintended consequences?
Scrapping interest relief will certainly generate the revenue that Hunt so desperately needed but the consequences will potentially be disastrous.
The removal of this relief from long-term lettings pushed some landlords into short-term letting and others to leave the market altogether. The result of this was a) higher rents and b)fewer properties available.
If (as the cover story was told by Hunt) this measure was intended to make more properties available for long-term letting in areas such as Cornwall, it will fail. Owners will undoubtedly sell up and leave the market but their £0.5m to £5m houses are not going to be snapped up by first time buyers. The ancillary services that FHL’s employ (I.e. the very people who can’t afford current rents) will be out of work and the wider tourist-based economy will go into a slow decline.
Far rather that the Chancellor should have revisited the original relief for long-term letting and brought the rents down. That would have been a wiser strategy for growth. But then that of course is not his problem..
And AR is no longer Augmented Reality but Abdication of Responsibility.
So it's absolutely: Tories Only Think About Laissez-faire Community Responsibility As a Person
$500 Excel 'error'
Easy to repeat... Note in the video how the cell fills from the right hand side? This happens when you set the cell to be 'right justified'. So you simply delete the contents, then type in $500 but don't press enter - just leave the cursor blinking away within the cell (see how it does in the video?). The formula won't add up the column until you press enter or click outside the cell!