In this episode of the Scottish Property Podcast, Nick and Steven sit down with returning guest Davy Hutton, known for his outspoken views on politics, economics, AI and society. What begins as a conversation on Budget 2025 quickly evolves into one of the broadest and most thought-provoking episodes ever recorded on the podcast.
Davy breaks down the 2% tax hit on rental income and dividends, explains why the middle class feels squeezed, and discusses how global corporations and AI are reshaping wealth, work and the future of the property market.
šļø Episode Highlights
š¦ Budget 2025: The Real Impact on Landlords
The feared 8% rental income tax didnāt appear, but a 2% rise in dividend tax will affect landlords using limited companies.
For most small investors, this equates to roughly Ā£700 per year.
Electric vehicle incentives are being scaled back, including the loss of 100% first-year allowances and mileage tax changes.
Mansion tax proposals pose little risk to Scottish investors.
Davyās verdict: āA nothing-burger budget ā lots of noise, minimal change.ā
š¦ Why the Economy Feels Worse Than the Data Says
Most business owners have rising net worth, yet life feels harder for ordinary people.
Middle-class households face invisible pressures through stealth taxes and inflation.
Public services are worse despite higher contributions.
The UK has spent nearly two decades in economic stagnation, draining energy and optimism.
š¦ Corporations, Power, and the Real Drivers of Inequality
Global corporations avoid tax at levels no individual could.
Tech giants influence public opinion through social media algorithms and news ownership.
Anger is directed at āeasy targetsā like landlords instead of corporations.
Governments lack the power to meaningfully challenge corporate dominance.
š¦ Scottish Property Market Overview
Scotland has cooled from 10% over Home Report to around Home Report value.
Market correction is gradual rather than a crash.
The high-end market (Ā£1m+) is softening significantly.
Glasgow rents have plateaued and fallen slightly in some areas.
Expected interest rate cuts should stabilise pricing through 2025.
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