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Do you have any thoughts on how the balance can be struck such that there is not the negative impact that you persuasively outlined but that, at the same time, the SPS can do its job to the best of its ability? Yes, absolutely.
My main concern is that, if your aim is to make the tax system more progressive, that approach is both a little bit more complex and not the best way to make it more progressive.
Would you agree that creating a mechanism and a financial incentive is the best way to do that? You have said that a lot of your clients desperately want to move forward with their investments in this area.
We are all ambitious for our housing stock, and we all want to have the best possible housing but, unless the Government is able to provide adequate funding, the only source for the necessary money will be tenants, who will pay for it through higher and higher rents.
Although not essential, those meetings are an important part of a best-practice approach of reaching consensual agreement and avoiding conflict wherever possible.