The Cook Report: Mansion tax is ‘outdated and unnecessary’

Just a few days after Labour threw itself behind a Mansion Tax on £2m+ properties, The Liberal Democrat party has overhauled its Mansion Tax plans, proposing the introduction of new Council Tax bands…

It's been a few hours at least since the last mansion tax furore, and we're fairly sure that most in the prime property industry are now on the same page - or least the same chapter.

"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?