In the later HMRC guidance notes, this translates as "higher rates will apply if the dwelling being purchased is not replacing the purchaser's only or main residence".
Demographers say the change is irreversible and reflects long-term changes, such as higher rates of education and labour force participation dating back to the 1960s.
These, in turn, would be forced to pass on that cross-subsidy as higher rates for corporate clients.
The suggestion from the Bank of England's governor that interest rates could rise sooner than markets are predicting is regarded as helpful for TSB as higher rates could spell bigger profits for the bank.
She said this was shown by issues such as higher rates of stop and search of black people, and "the representation of ethnic minorities within the organisation, where ethnic minorities are still stuck in the junior ranks".
On the whole, the poorer areas had higher rates of both early and late infant mortality (as well as higher rates of heart disease) than the more affluent areas, with one glaring exception: poor, slum-ridden parts of London.
Mortgage originations fell 29 percent from the fourth quarter, as higher rates deflated the refinancing boom that propped up the business for much of 2010.
She said this was shown by issues such as higher rates of stop and search against black people, and "the representation of ethnic minorities within the organisation, where ethnic minorities are still stuck in the junior ranks".
Like other media conglomerates, Disney's television advertising revenue has rebounded, although ESPN's ad sales in the quarter were flat as higher rates were offset by the absence of World Cup games.
Since they are not allowed to argue on moral grounds, they claim some science is on their side, such as higher rates of depression and mental illness following abortion (the causation is hotly disputed).Meanwhile, those on the other side of the debate argue that the more paternalistic elements of the original legislation are no longer relevant.
But it may hold off if GDP growth is sluggish, as higher rates could damage the recovery.
