LDV readers say: Yes to Vince’s ‘Mansion Tax’

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Was it only a month ago we were in the throes of the Lib Dem conference? How time flies. Cast your minds back four weeks, and the Lib Dems’ shadow chancellor, Vince Cable, made a few waves by announcing his wish to introduce a new tax, quickly dubbed the ‘Mansion Tax’, of 0.5% on the value of properties over £1m.

In fact, as LDV’s Alex Foster spotted at the time, Vince was re-treading a policy he’d been forced to abandon just 18 months previously. But, then, a lot has changed in the last 18 months, both economically, and in terms of Vince’s popularity. The surprise announcement caused Vince more than a few headaches, with shadow cabinet colleagues complaining of being kept in the dark. Yet there can be no doubt that Vince’s ‘Mansion Tax’ policy resonated beyond the conference – indeed, was perhaps the only policy that did – and seems to have been met by general approval, including those signed-up to LDV’s members-only forum, with 67% supporting it.

Here’s what happened when we asked LDV’s wider readership – who may or may not be Lib Dem members – to answer the question: Vince Cable has proposed levying a new household tax of 0.5% on the value of properties over £1m. Which of these statements best represents your own view?

  • 49% (407 votes) – Yes, I support the policy and think it will be a vote-winner
  • 14% (113) – Yes, I support the policy but think it will be a vote-loser
  • 30% (248) – No, I do not support the policy and think it will be a vote-loser
  • 7% (60) – No, I do not support the policy but think it will be a vote-winner
  • Total Votes: 828 Poll ran: 26th September – 20th October 2009

Which shows that among the readership of Lib Dem Voice:
* 63% support the ‘mansion tax’, while 37% disagree with it; and
* 56% think it will be a vote-winner, and 44% think it will be a vote-loser.

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Liberal Democrat Voice is an independent, collaborative website run by Liberal Democrat activists, where any individual inside or outside the party can express their views. Views expressed on this website are those of the individuals who express them and may not reflect those of the party.

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