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…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Dame Laura Cox report into Pestminster slams Bercow and his team…

“I find it difficult to envisage how the necessary changes can be successfully delivered, and the confidence of the staff restored, under the current senior House administration.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Downing Street to Gary Gibbon Downing Street to Gary Gibbon
BBC Flagship Shows Still Have Remain Panel Bias BBC Flagship Shows Still Have Remain Panel Bias