Miliband: Case for mansion tax getting stronger by the day

Ed Miliband has backed Jim Murphy’s plan to use the proceeds of a mansion tax in England to fund Scottish nurses, claiming that his case for the new levy is getting “stronger by the day”. He said that the “powerful, super-rich and famous” could afford to pay more, and attempted to justify his argument by wrongly claiming that a London home had been placed on the market for £300m this week. The Standard’s Peter Bill claims the tax is unworkable and will have to be abandoned, but is a “political masterstroke” and will capture hordes of votes. Meanwhile, experts say the slowdown in property price rises is a result of the threat of the mansion tax and buyers are taking a ‘wait and see’ approach.

Source: The Daily Telegraph Evening Standard Daily Mail

We say…
Perhaps he’s right. Perhaps the “powerful, super-rich and famous” could afford to pay more. But few of them live in houses worth just over £2m.

NICOLA HALL

BILSHAN MENSAH

Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.

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