Labouring the Point: Mansion Tax & other property market schemes

Despite this week's proposed rejig by Labour, the introduction of a so-called mansion tax would have a disastrous effect on the London property market as a whole, not just above £2million, argues…

Savills' Director of Research Lucian Cook has been moonlighting, penning a swingeingly anti-mansion tax manifesto for right-leaning think tank the Centre for Policy Studies.

"How can it be right that the foreign buyer last month of a £140 million flat in Westminster will pay just £26 a week in council tax — the same as the average-value property in that council area?