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Digital Subscriptions > Prospect Magazine > Jan-18 > DIY investor

DIY investor

Saving the self-employed

Evidence has recently emerged that the buyto- let (BTL) tax changes George Osborne introduced while Chancellor (particularly the phased removal of tax relief on mortgage interest and 3 per cent extra stamp duty) are having their desired effect. Lending data suggests BTL owners are selling properties and paying down debt. This tax squeeze on rental property may or may not be positive for the housing market, but it is very unhelpful for one group the government says it wants to help: the self-employed.

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About Prospect Magazine

In Prospect’s January 2018 issue: Five writers attempt to plot the impending advances in shopping, politics, sex, food and computing through 2018. James Plunkett looks at shopping and explains how personalised prices will hand even more power to the big companies; Theo Bertram outlines why political volatility is here to stay and what it means for us; Kate Devlin argues that sex robots are only a part of the impending sexual revolution; Stephanie Boland outlines why we’ll all end up eating lab grown food; and Jay Elwes explains the next steps in our computing quantum leap. Elsewhere in the issue: Dani Rodrik uncovers the truth behind the great globalisation lie—there were always going to be losers, Iona Craig delves into the war in Yemen—the world’s worst humanitarian disaster, Chris Tilbury explains why Britain urgently needs a plan for its failing prisons