Quote Originally Posted by TISS View Post
firstly, the WG block grant has reduced as a result of The WRS now being responsible for collecting LTT. Therefore it does not automatically follow that we will see an increase in revenues to spend on public services. Secondly, and perhaps more importantly, the Welsh economy is far more fragile than England's and we need all the support to boost it that we can get. Hammering people for tax whilst England is currently reducing the tax burden isn't going to help the Welsh economy at all.

FWIW the case in point I'm talking about is £53k LTT v £21k SDLT. Where do you think the investment will end up - Wales, or just over the border, thus saving £32k?

its not rocket science.
Are you factoring in all the other costs involved in an investment made on the other side of the border ? Would it still be a 32k saving ? Seems a little simplistic/convenient.