Another nail in the coffin for the buy-to-let sector

Another nail in the coffin for the buy-to-let sector

By The Times

In this week's podcast, we discuss the fallout from George Osborne's autumn statement and spending review and ask what businesses, investors and the markets made of the chancellor's new measures. Callum Jones, political correspondent for The Times, gives an insight into what the mood is like in the corridors of Westminster. Did Labour miss their chance to successfully challenge the chancellor? Is George Osborne's now likely to be the next prime minister? And did the chancellor pass the test for businesses and investors? Only if you believe the numbers about steady growth, says Patrick Hosking, Financial Editor and columnist of The Times. He asks whether the UK economy can carry on "sailing serenely" when there is so much turmoil in global markets.Meanwhile, Kathryn Hopkins, economics and property correspondent of The Times, claims that George Osborne has put another nail in the coffin of the buy-to-let sector with his 3 per cent extra stamp duty charge for those with second homes. She warns there is...

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