The Laffer Curve is a description of the theoretical optimum point of taxation rate on a population. It implies that there’s a ’sweet spot’ of taxation where the most income is generated for government coffers. Set the taxation rate too low and the government misses out on potential revenue. Set it too high and an [...]
With all the coverage of the temporary suspension of stamp duty (and if you’re currently marketing your house at £200k, get ready for offers below £175k), another jewel in the disjointed mish-mash of government announcements has been ignored by many commentators.
The Beeb caught it, though: “Other measures aimed at boosting the housing market include [...]