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I jumped straight to
Point 6 STABILISATION OF THE BANKING AND PROPERTY SECTOR
We never again want property or banking to drive economy. But both of those sectors must stabilise before we can rectify our budgetary crisis and build a high tech growth economy.
Stamp duty must be abolished and replaced with a modest local services tax to be implemented once local authority structures have been reformed and consolidated as described in point 6 below.
Credit flowing to business must be constantly monitored and acted on if deficient.
The Regulator must be prevented from going from the ridiculous extremes of loan loan/value and loan/income ratios applied in the boom, to those applied in the 1980s or 1990s during a different era of low incomes and single income households
The take up of Fixed rate mortgages in place of variable mortgages – as in Germany – must be incentivised so as to end boom/bust property market swings
We must finally adopt international practice by capping the price of land at reasonable levels by implementing the Kenny Report, again to prevent future speculative boom/bust cycles
We must establish a National zoning & spatial planning agency to ensure land zoning activity matches economic growth, spatial plans and infrastructure roll out.
I kept clicking on detailed plan and nothing loaded..........then I realised that was the detailed plan!
Originally Posted by eamo1
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