Latest mansion tax should be on top % homes locally not nationallu

I think you have a weird idea of the SE as some big uniform blob with all the facilities of London. The SE town I grew up in had 2 buses an hour 20 yrs ago, I think it’s down to 1 now. The SE village I now live in has 1 an hour, 1 every 90 mins on the weekend, and has a 3 weekly rubbish collection schedule. Yet you list these things as examples of being a second class citizen outside of the SE.

ETA - to be clear I’m not saying there is no regional inequality. It just makes me laugh this idea that those within “the SE” have no idea the awful misery of 1 bus an hour and 3 weekly bin collections that they’d experience if they stepped out of the utopia bubble they live in

@Lionfisher

im guessing you are se based. As soon as you live outside of the se you realise you are a second class citizen, we have 3 buses an hour, a luxury compared to the next village along which now has zero public transport, zero (bus company pulled out during pandemic, council can no longer afford to run subsidised services) we get our rubbish picked up every 3 weeks, we have no children’s centres, elder care centres or anything other than bare minimum unless run as a charity with no public support, and our council no longer funds 6th form travel meaning you can’t got to sixth form unless you can afford £1100 a year for a bus pass. The museum (crappy local museum) is £6.80 to visit whereas in London they are amazing and free.

Let's just wait and see...we haven't had the Budget yet, read out by one of the most popular Chancellors in living memory.

Well yes, it would be, seeing as it doesn't actually exist.

Nope. Happy to pay so long as everyone benifits, and not, as we see time and time again, the SE get the lions share and benifits, and the NE (and other forgotten regions) get screwed over yet again.

OK, so our house possibly hits the top 5% for our region - it would depend on exactly how big the regions were.
If I pay an extra charge, please can our region have school outcomes like the SE? Public facilities like maintained parks and (free?) museums like the SE? Public transport that runs past 5pm, so it's actually usable for a commute?

It's not just a tiny uplift in salary that the SE gets. It's massive Publicly funded investment and subsidies. Let's stop pretending the NE is just like the SE with lower costs of living. It absolutely isn't. The NE has been decimated time and time again.

Rachel Reeves is the stupidest Chancellor there ever was. All her ideas are shit. Her tactics of upsetting the market by leaking all her stupid ideas to gauge which will stick is fundamentally flawed. She is singlehandedly making the UK economy the most unstable in Europe.

People in the north - and everyone else 30 years ago, were told there would likely be no state pension when they retired, so were advised to invest in property. It’s not their fault and yes, I’m in the North. I also think it’s a nonsensical tax, and that anyone within the M25 / 30 mins out of the M25, and similar highly priced areas, should be discounted if it does get passed.

A wealth tax will force many people who have been prudent out of their home because they will not have the disposable income to pay the annual tax. Those larger home will be bought by corporates who will subdivide and build three homes where there was once one. Expensive matchbox sized town houses with postage stamp size gardens.

It is a tax on workers who have been prudent all of their lives, not those with the broadest shoulders.

It will do nothing to protect tenants and tax payers from the corporate greed and the shit political leadership that is killing this country. That is where the government should be focusing their attention. That and the fact they can't cover their own pension commitments.

Clearly everyone is desperate to contribute themselves and not just expecting others to pay more tax!

Completely agree. It needs to be regionally weighted otherwise people in the north won't have as much opportunity to contribute to the pot than those in the south.

I’m 40s so not yet - ha ha!!!

Yep - way less hassle and cheaper to put in a stair lift and ground floor shower in a big house than to move.

And so it begins.
Chairman Mau suits will become compulsory purchases and fines implemented to ensure they are worn. The pigs will take control.

3.5 years until the next election. Let's march.

Regardless it is theft and it is criminal. For what is worth is to live in a country your hard earnings is all about paying taxes. Work hard to pay for the people on benefits and people arriving to claim asylum . Do not forget the inheritance tax of 40 percent.

Farming...set a limit on APR to piss off that rich toff Clarkson. It may lead to the suicide of farmers, the breakup of the family farm held through generations, affect our own food production so we have to pay more to import and raise less money than it takes in administering it. But it sticks it to the rich guy! And that's what matters to us all apparently!

Yes and a mansion tax would be similar surely because 0.6% of properties is a minuscule amount but to set up a system to value them properly (and how will inflation and increases be dealt with) will surely outweigh much of what they take in. So yet another “stuff the rich”, but stuff the taxpayer too! Just like the private school VAT.
As a taxpayer I object to these symbolic supposed vote winners (they are buying their voter base with my tax money!) that actually end up in us paying more tax. Because they mess things up.
And no I do not have a mansion worth 2 million, just basic common sense.
They will bleat about “oh AI will do the valuations”, all BS.

Exactly. Deliberately destructive timing.

Another factor will be harder to determine but probably the biggest sum to add to the taxpayer's bill being how many parents would have chosen private but for the VAT. This will add years of payments for children to go to state school that would otherwise have been able to be spent by the Education budget on other things. Such as these mysterious teachers we hear so much about.

The private school VAT was ambushed mid academic year unexpectedly so the first take of VAT will be higher, precisely because many schools past most of the cost straight through to parents and increased fees rather than absorb the VAT. However, apparently more than 25000 pupils left and more are still leaving and not joining at usual points. Of course, Labour will bleat about the first ambushed VAT take, that is all they have got.

That is one statistic figure, to get a fuller complete picture we need to know the cost of students entering state from private, the private schools closure and employment figures impact, the VAT reclaim from private schools.

The private school thing has raised more revenue than expected.

It’s not 20000 on 2 million. It’s 1 per cent of the value above 2 million!! So like an extra council tax band that increases progressively. But there is no system in place to value houses accurately and easily so it cannot be easily implemented. The fear of it is what will crash the housing market. It’s only 0.6 per cent of properties that are worth more than two million, but the policy itself will likely cause more damage (if implemented) than revenue raised. It’s like their private school fees VAT and backtracking on winter fuel allowance. Nothing they are proposing is actually raising additional revenue overall! We have well and truly hit the Laffer curve. Taxation has become a political symbolic tool rather than revenue raising which is absurd.

Communism it is. I believe Labour is the worse of all governments. So much misery and taxes in education and basic human rights like a house. How can this be legal £20.000 is also after taxes. Homeowners will have to earn a lot more to have £20.000 for the tax. This government is criminal.