The biggest winners from the Conservatives' help to buy scheme were high-earners who were already likely to buy a house, with the top 10% of earners receiving the largest cash benefit.
The full tax rebate, which is included in the 2026 budget, would apply to buyers of eligible new homes valued up to $1 million. This goes beyond the tax rebate introduced last fall, which was only for first-time home buyers.
There are reasons to be worried and think about the future. But we are able to do something about this. We should be thinking about, well, how do we tip the balance in favour of AI being used in that positive way to help people do their jobs better [rather than replacing them].
Barratt Redrow stated, 'Now, with a less certain backdrop, given recent geopolitical events and their likely impact on mortgage rates and build cost, we are being even more selective.'
Barratt Redrow's management indicated that while current trading remains resilient, the visibility beyond the current financial year is more uncertain due to external economic factors.
Britain's tax wedge, which estimates total taxes on labour paid by employees and employers, minus cash benefits received by working households, increased by 2.45 percentage points last year, the most in the OECD.
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.