How do we know how far Labour support is concentrated in London?

Labour MPs have told Rachel Reeves that a threshold of £1.5M is too low for any form of 'mansion tax'... across the rest of the country a £1.5mn house is definitely an indicator of a rich owner, but not so much in London.

As so often, policy will be driven by the concerns of those within the M25 & their priorities... draw your own conclusions on what this says about the Labour party.

#housing #tax
h/t FT

As part of their argument against the end of the contributory principle for National Insurance, the Women's Budget Group also make a clear & concise proposal for tax reform:

a) A 2% tax on assets over £10 million, raising up to £24 billion annually;

b) Reforming council tax to make it more progressive;

c) Equalising Capital Gains Tax & income tax rates, raising up to £12 billion;

d) Replacing Inheritance Tax with a fairer lifetime receipts tax.

#tax #politics

https://www.wbg.org.uk/publication/national-insurance-a-gender-perspective/

As part of their argument against the end of the contributory principle for National Insurance, the Women's Budget Group also make a clear & concise proposal for tax reform:

a) A 2% tax on assets over £10 million, raising up to £24 billion annually;

b) Reforming council tax to make it more progressive;

c) Equalising Capital Gains Tax & income tax rates, raising up to £12 billion;

d) Replacing Inheritance Tax with a fairer lifetime receipts tax.

#tax #politics

https://www.wbg.org.uk/publication/national-insurance-a-gender-perspective/