The big financial news this week was the planned withdrawal of Child Benefit from the higher tax payers, announced on Monday, and in the wake of that the Conservative Party Conference was held. This too included much on the need to 'tighten belts' due to the nation's deficit.
How will this effect the housing market? You can never tell!
There is always the need to move; growing or shrinking families, change of workplace, school catchments and changes in family situations.
Fundamentally there can not be too much ' belt tightening ' as this would cause the recovery to go into decline; naturally this is not the required result. However, the most important part of the chain is getting the committed first time buyer in place, as of yet the first time buyer has not been financially targeted.
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