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Calls for increase in council tax on expensive homes

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Andrew Tyrie, chairman of the Commons Treasury Committee, has backed calls for the chancellor to consider increasing council tax on expensive homes and mansions. The current system, where a multi-million-pound London penthouse is subject to the same rate as a large suburban family home was ‘hard to justify’.

David Cameron had previously ruled out a mansions tax (one of his coalition partners’ flagship policies) or an increase in council tax for high-value properties.

The Financial Times (12 November) reported that an increase in tax on high-end properties may be required in order to push through a deal with the Liberal Democrats on further benefits cuts.

Issue: 1147
Categories: News