Reeves considers replacing stamp duty with new property tax
www.theguardian.com
Exclusive: Treasury examines options including tax on homes sold for more than £500,000 as well as overhaul of council tax
  • Em-Squared@feddit.ukEnglish
    3·
    29 days ago

    In opposition Labour talked about replacing council tax with a charge with would be 0.5% of the value of the property you lived in which would halve our bill but obviously mostly increase the bills for much property in London and the south east.

    Can’t see them being in office long enough to even implement it.

    • HumanPenguin@feddit.ukEnglish
      1·
      27 days ago

      Ooi how do you see them being removed.

      Because it is not looking like the PLP has any interest in changing the leadership. And if that changes. It will be more of the same without a major change in MPs.

      So labour right will be in power until at least 2029.

      • Em-Squared@feddit.ukEnglish
        1·
        18 days ago

        Sorry I meant a change this big would require a 2nd term to implement and it’s that which looks unlikely.