Wednesday, 22 September 2010 08:11 'Middle-class families could be forced to undergo lie detector tests as part of a major crackdown on tax avoidance being spearheaded by Nick Clegg. Tens of thousands will face intrusive new tax investigations under the plans unveiled by the Deputy Prime Minister yesterday. As part of a two-pronged attack on the better-off, millions more will face cuts in benefits, such as winter fuel payments, child benefit and free bus passes. The moves, unveiled at the Liberal Democrat conference, were designed to guarantee Mr Clegg's popularity with mutinous grassroots members, but were described by critics as ‘bully boy tactics’. Read more: Cleggs Tax War on the Middle Class: Families Could Face 'Lie Detector Tests' Wednesday, 22 September 2010 08:00 'These are harrowing times for anyone trying to sell a home or for anyone who is trying to make a living in the housing industry. But unfortunately, there are a whole lot of signs that things are about to get quite a bit worse. U.S. home sales have hit record lows in recent months. An increasing number of sellers have started to reduce their asking prices, and there are signs that home prices are already starting to slip substantially in many areas of the country. Meanwhile, the inventory of unsold homes in the United States continues to rapidly increase. Home foreclosures and bank repossessions of homes continue to set all-time records. What this all means is that the U.S. housing market is being absolutely flooded with homes for sale at a time when there are very few buyers. There is way too much supply and not nearly enough demand and as a result home prices are being pressured downward. The home buyer tax credits that the U.S. government was bribing home buyers with helped stabilize the U.S. housing market for a while, but now the tax credits have expired and things are getting scary out there.' Read more: 15 Bone Chilling Signs That Part Two Of The Double Dip Housing Crash Has Begun
Wednesday, 22 September 2010
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