British Prime Minister Theresa May announced late September her cabinet was looking at imposing a 1 to 3 per cent tax on foreign home buyers, saying the funds raised would be used to help the homeless. Carrie Law, Chief Executive of Chinese agency Juwai.com, said British lawmakers should reconsider whether this is the right time to implement the foreign buyer's tax. "It seems a poor moment to create further problems for homeowners and first-time buyers by shutting down new construction and depressing prices," she said, reports South China Morning Post (10 October 2018).
