Anyone else in the South East worried about Andy Burnham bringing in a land tax?

If people leave London in significant numbers it will be a good thing overall. They will create opportunities.

😂😂😂gosh, it's exactly the same point as with private schools VAT. Are you basically saying that you are uncapable of creating opportunities and need Londoners to do it for you?

Makerfield was quite different though - read about his campaign, he knocked on almost every door of undecided voters and used his charm. He promised everyone what they wanted. And don't forget about the split of the right.
To win GE he needs to introduce policies actually generating some growth.

Yes, and Larry the Cat, had better beware when Andy and his entourage rock up with their whippets.

This was said to be a risk in Makerfield, but it did not materialise

Thank you!

No, but I'm genuinely terrified about how is setting the stage for reform and the potential chaos that will follow.

I live in a fairly expensive area anyway, @nearlylovemyusername

If people leave London in significant numbers it will be a good thing overall. They will create opportunities. We will cope with the consequences for house prices as a rising tide lifts all boats.

Claiming that nurses, teachers, MPs need to live in Westminster, presumably because they work there, was not realistic. Everyone who knows any reasonable number of Londoners knows a good proportion who commute.

Those with disabilities do sadly face extra challenges everywhere but at least there are some supports for them. Not enough, but some.

So thanks for your heartfelt concern but I sm fine and happy to risk an exodus of Londoners to boot

Nobody has to live in Westminster. Other commutable parts of London and the commuter belt are available.

It is absolutely terrifying to have a prime minister from above Watford Gap. Better turn on captions for Prime Ministers Questions too :S

Anyone in other countries already trying to scupper the guy before he's even been made PM?!

are you ok? you decided who needs to live where?

But they won't be - RR took care of this with her mansion tax. What we're talking about is land value tax which will disproportionally affect the ordinary folk in London and SE

No able bodied person needs to live in Westminster. Most MPs do not. London has some of the best public transport in the world.

How is that a good thing?

Maybe because some people have to live in Westminster? you know, your teachers, nurses, MPs?

Just think about the law of unintended consequences - what if those who are unable to afford property in London anymore but still have London level of savings move to your areas? you know what it's going to do to your house prices, right?

Again, as always with Labour, it's all about "who else we can tax to pay benefits to others". It's all about redistribution, nothing about wealth creation.

Mostly agree. My understanding is that there was a small amount of genuine hardship for the elderly. That could have been mitigated less drastically. When I lived in America and have followed the story since moving here, California has suffered badly from Prop 13.

This is a terrible policy! It just transfers money from the young, to the old. This is despite the fact that old people are much wealthier!

So you’re saying this £6.7M 4 bed in Belgravia, should be paying a similar amount as the 22 times cheaper house in Blackpool? Really? Multimillionaires should pay the same as a warehouseman or taxi driver?

www.rightmove.co.uk/properties/172581869

Land value or property tax is a percentage of value. Value reflects desirability and these prices reflect that living in Westminster is extremely desirable, whereas Blackpool is the most deprived LA in England.

The first property is worth 50% more than the second, reflecting its much greater desirability. Why shouldn’t the owner be paying roughly 50% more in CT?

For perspective, when I lived in a lovely US university town with superb services, we paid roughly 2.25% the values of our houses each year in property tax. But we got a great quality of life in return.

I thought the low council tax was because it’s a high density population, with a lot of parking charges and traffic fines that bolster the finances?

Yes just googled and Westminster generates 8% of UK business rates. So I’m sure the local businesses would love that to be lowered when the money isn’t needed anymore. Same for lowering the parking costs etc.

If this new policy does come down the pipeline, I can’t imagine anyone buying until it’s done. Who would want to complete and 6 months later find out they paid stamp duty for nothing?

I just googled…

and a house worth £27 million has a council tax of £2095.

might be serious about asking these dudes to cough up a bit more, don’t you think?

Didn't do any extensive googling, just the 1st link:

Wilkie House, Cureton Street, Westminster, London SW1P, 1 bed flat for sale, £450,000 - Zoopla

1 bed flat, band C, council tax will be £931. This is 433sqft one bed flat for 450k! with only 80 years lease remaining.

Then Blackpool:

Warley Road, Blackpool FY1, 5 bed semi-detached house for sale, £299,950 - Zoopla

5 bed, 2 bath, 3 reception room - freehold 300k. Council tax band D £2513.

Are you serious about asking the owner of the first property to pay more?

London is responsible for 25% of tax revenue. That means that 75% comes from outside London. It’s not like Sandra working for NMW in Tesco Express on Shoreditch High St is singly responsible for enriching the lives of us northern peasants.

London makes so much money because it’s bigger and so many banks, financial services, big tech etc have their head offices there, not because you’re all working harder. GDP per capita is £69,000 in London vs. £65,000 in Manchester.

I own two properties so if this came in, I would be paying higher tax on the second.

Good. I should be. The affluent should be paying more tax.

Is this a genuine response? Where does the investment come from? Who pays the most taxes? London is the capital city…