Why Mansion Tax is Electoral Suicide

Knight Frank has crunched the numbers and calculated that to raise the target £2 billion, the mansion tax would have to start at £1.25 million, hitting 775,000 households. This would of course be levied overwhelmingly on London and the South East, 86.4% of the properties affected would fall in these areas. Calling it a “mansion” tax is grossly disingenuous too:  just 36% of these “mansions” are detached. 31% are terraced, 22% are flats and 11% semi-detached. Is a terraced house in Merton or Wandsworth, like the one above, really a mansion? 

The table below shows the top ten local authorities with the highest number of homes that would be affected by the mansion tax:

Click to enlarge.

If he has any sense Tory chairman Grant Shapps is right now crafting a mailshot to every single one of those 775,000 homeowners…




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Jo Swinson on Chris Rennard…

“Vince — and Tim before him — have repeatedly, publicly said Rennard is not welcome anywhere near their frontbench team, even as an adviser. I remain deeply frustrated that he was not expelled from the party through its disciplinary process. It just feels wrong, and I do not want Lord Rennard to continue as a member of the party. As far as I am concerned, he is not welcome.”

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