James Cleverly: I will fight Labour’s anti-London ‘mansion tax’
London will be hit the hardest if Andy Burnham lowers the threshold for the ‘mansion tax’ to £1.5m – which only gets you a flat or an ordinary terraced house in many parts of the capital, says James Cleverly Andy Burnham’s Family Homes Tax is yet another attack on London. Last year, Rachel Reeves announced [...]
James Cleverly, a prospective Conservative candidate for Mayor of London, has criticized Labour leader Andy Burnham's proposed "mansion tax," which he believes will disproportionately impact London. Burnham is considering lowering the threshold for the tax to £1.5m, which would target a larger number of homes in the capital. Cleverly argues that inside London, a £1.5m property is more likely to be a terraced house with a small garden rather than a mansion.
The tax, which would generate £270m in London alone, would disproportionately affect ordinary families who have worked hard to buy their homes. Cleverly emphasizes that the tax would not only increase the cost of living for Londoners but also make it more difficult for young people to enter the housing market. He contends that Labour's policies are exacerbating the housing crisis in the capital, and he pledges to oppose the tax if elected as Mayor of London.
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