Darling 'could have stimulated property market'

News Category: Industry News

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Chancellor Alistair Darling had the chance to stimulate the property market in yesterday's Budget speech, but "wasted an opportunity" to do so.

At least that is the view of the Association of Residential Letting Agents operations manager Ian Potter, who said that the status quo has been maintained a the bottom end of the lettings sector.

Rental housing stock for a number of tenants could have been improved, the lettings expert suggested.

"Yet again Gordon Brown's administration has wasted an opportunity to improve the quality of stock of lettings property by failing to incentivise landlords through tax relief on labour and materials," Mr Potter said of yesterday's Budget speech.

By doing this, the standard of lettings could have been improved and the construction sector would have received a boost, he added.

Conservative leader David Cameron was also critical of the chancellor's speech, saying the previous Labour government gave the UK the so-called Winter of Discontent, and the current administration has provided "the Decade of Debt".

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