Anil Varma of Harrison Varma
“As an employer, we are concerned for the welfare and peace of mind of our 150+ employees comprising 17 nationalities including eight different European countries. It is extremely unhelpful that there has been no clarity or planning for the future. I would urge an early announcement to allow our staff, many of whom have established themselves in London making a home for their families, to plan ahead for their future.
We are now heading for a long period of huge uncertainty. We do not know how this will affect our buyers – both UK & overseas, or our European employees. We need early decision allowing us to plan our business. When we started our latest development project – Buxmead in The Bishops Avenue, Stamp Duty was 4% and it has now increased to 12% plus an additional 3% for second home owners. This coupled with the changing rules for non-doms and now Brexit means we can never plan ahead as this is a time of major change and will have a long lasting impact on the British economy.”