Tag Archives: mansion tax

In other news… Son of mansion tax, Tory councillor switches to Lib Dems and more

Nick Clegg has been telling the Financial Times how he would like to see taxes introduced for the most expensive properties as part of any removal of the temporary 50p top rate of income tax. Son of Mansion Tax here we come…

Jonathan Calder reports on the latest goings on in the lively world of Leicester politics, including Conservative Councillor Nigel Porter resigning from his party and deciding to fight his ward for the Liberal Democrats in May’s elections.

The Yes to Fairer Votes campaign has published details of its donors and challenged the No campaign to show the

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Opinion: How Lib Dems make policy – or fail to – and the consequences

Causal chains can be very long, with surprising connections between initiating events and final outcomes. Severe violence between protesters and police on the streets of London resulted from the debacle over student fees, broken pledges, and continuing double talk as to whether this is a coalition compromise, or has now somehow magically become best policy. But it has its roots further back in a faulted policy making process in the Lib Dem party. How did an intelligent political party get such policy so wrong less than a year ago, when it already knew all the current economic issues? To understand …

Posted in Op-eds and Party policy and internal matters | Also tagged | 40 Comments

David Miliband adopts Lib Dem mansion tax policy

The Guardian reports today:

Owners of homes worth more than £2m should pay an annual “mansion tax” to help the poor, Labour leadership contender David Miliband said today. The shadow foreign secretary said the levy would raise £1.7bn to restore housing benefit for the least well-off.

The proposal – outlined in an interview with the Evening Standard – appears designed to drive a wedge between the coalition partners, as well as appealing to Labour grassroots.

Business secretary, Vince Cable, put the idea in the Liberal Democrat general election manifesto – but it was lost during negotiations with the Tories. Under the plan,

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Teachers, Thatcher, tax and troops: Nick Clegg Q&A

Nick Clegg answers questions at Spring Conference, Birmingham

In this afternoon’s Q&A from the Conference hall, Nick Clegg tackled questions from the floor with a relaxed and confident manner that bodes well for the upcoming TV Leaders’ Debates.

He took questions from party members in the hall, before taking supplementaries.

First up was education and whether schools should use the Pupil Premium to reduce class sizes. Nick said that the Pupil Premium seeks to give back trust to teachers and headteachers. Smaller class sizes are important for instilling a sense of self-confidence and …

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Opinion: Why the mansion tax runs against liberal principles – but a land value tax wouldn’t

One of the more appealing characteristics and strengths of the Liberal Democrats is the room there is within the party for genuine debate, and the freedom members have to hold views which differ from those of the leadership.

There are of course certain principles which all who hold the Liberal banner aloft share however; principles around the freedom of the individual from the unreasonable constraints of the state into their personal lives, and these principles bound us together and make the party the pleasant place to be that it is.

The Liberal tradition goes back to the enlightenment, with figures such as …

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The Guardian’s approving verdict on the Lib Dems’ manifesto principles is correct … but for the wrong reasons

Nick Clegg will have enjoyed reading this morning’s Guardian editorial (Nick Clegg: Liberal parenting) over his breakfast porridge today. The paper commends Nick for yesterday’s launch of the principles which will underpin the Lib Dems’ election manifesto.

At the same time it betrays the Guardian’s usual unawareness of the party’s democratic decision-making principles. According to the Grauniad, Nick “ordered his party to drop some of its favourite policies”, issuing “instructions” in order to transform the Lib Dem manifesto from “a third-party wishlist” into “a credible agenda for directing a government”.

Hmmm, not so much.

In fact, all that …

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Opinion: The Best Policy in the World … Probably

There is a set of well known slights aimed at the Liberal Democrats. First, no one knows what they stand for. Or maybe they stand for lots of things but too complex and subtle for anyone to bother with. Secondly, they are just somewhere in between Tories and Labour. And that means you don’t need to listen to what they say because you can just take a bit off the edges of Tory and Labour.

Sell it right and this week’s tax policy is the sort of thing that will at least chip away at those preconceptions. Conveniently it may also be right.

The key part is – or should be – the abolition of income tax on the first £10k of earnings. That is a policy which can be sold from the left or the right. And we should do it openly and hard from both angles.

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Vince’s revamped Mansion Tax gets ‘twumbs-up’ from Susan Kramer

Ever since the Lib Dems shadow chancellor Vince Cable launched his proposed Mansion Tax on an unsuspecting world in September, there has been a suspicion that neighbouring Richmond Lib Dem MP Susan Kramer – who faces a tough battle against trustafarian Tory Zac Goldsmith – was, how shall we put this?, a little less than enamoured of the proposal that those living in houses worth £1m would be taxed more.

In a BBC interview, Susan declined the opportunity to support the tax as originally proposed, while the Hounslow Chronicle summed it up bluntly, and I suspect accurately: …

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Nick Clegg announces new Lib Dem tax policies with emphasis on fairness

As I write, Nick Clegg and Vince Cable are setting out the framework of ‘the party’s tax policies, the philosophical basis that underpins them and the contrast between the Liberal Democrats’ policies and those of the other two parties.’

This has been well trailed in the media this morning, with Nick conducting a series of media interviews. Much focus so far on the tweak to the ‘mansion tax’ proposals that Vince mooted at conference to public acclaim, but some disquiet among his own Parliamentary colleagues (many of whom knew nothing about it in advance).

The party has responded to criticisms made of the tax, especially in marginal seats in the south of England, by lifting the threshold at which the annual levy is paid to cover all houses worth more than £2m, and doubling the levy from 0.5% to 1% to ensure even more money is raised by the new tax.

The revenue raised from this and other measures (such as green taxes) will be ploughed back into the party’s spending priorities, including raising the tax threshold for the poorest in society.

Here’s some of the media coverage so far:

BBC Online:

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

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.

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Mansion Tax: FT praises, Government doesn’t reject

From Left Foot Forward:

Martin Wolf, writing in yesterday’s FT, has praised the Liberal Democrats “mansion tax” policy:

“Taxation of property should be heavier, not lighter. But it should also be less regressive. That is why the mansion tax is the germ of an excellent idea.

“Taxes on property have other benefits: they automatically rise with prosperity; they are hard to evade; and they are automatically imposed on otherwise untaxed foreign owners. The latter benefit from the amenities of the UK without paying for them. A higher property tax is a simple – and inescapable – way of making them contribute to

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LDV post-conference members’ survey (2): ‘savage’ cuts, tuition fees, ‘mansion tax’ and the leadership

Over the weekend, Lib Dem Voice invited the members of our private forum (open to all Lib Dem members) inviting them to take part in a survey, conducted via Liberty Research, asking a number of questions about the party and the current state of British politics. Many thanks to the 200+ of you who completed it; we’re publishing the results on LDV over the next few days. You can catch up on the results of all our exclusive LDV members’ surveys by clicking here.

First up, LDV asked: In a media interview before the party conference, Nick Clegg spoke of the need for the Lib Dems to be “quite bold, or even savage, on current spending”. Do you agree with Nick’s assessment?

Here’s what you told us:

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Tax on £1m houses: 69% in favour

We don’t usually do individual polls on The Voice, relying instead on Stephen’s monthly round-ups. But we do make exceptions when there’s something particularly striking or interesting about them and one of the recent YouGov questions falls into this category.

With the usual caveats about it a poll that is carried out in the middle of one party’s conference and that policy proposals can look different once they’ve been subject to constructive debate frequent attack from other parties, here it is:

The Liberal Democrats have proposed a new tax on the most expensive houses. Householders would pay an annual tax of …

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CommentIsLinked@LDV … Vince Cable: I stirred up a hornets’ nest, but my Mansion Tax is fair

The debate has raged now for a week, ever since Lib Dem shadow chancellor Vince Cable announced his wish that the Lib Dems adopt the so-called ‘mansion tax’, a levy of 0.5% on households living in homes worth more than £1m. (You can vote on the issue over at LDV’s current poll). Was he right, or was he wrong?

Well, Vince has heard both sides of the argument now – including from his Lib Dem shadow cabinet colleagues – and has come out fighting in favour of his ‘mansion tax’, using his regular column in the Daily Mail to make his points. First of all, he points out, no tax is ever popular, but it’s going to be necessary:

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#ldconf podcast: Voxpops (including @katygordon)

We asked delegates if their constituency was ready for the General election; if Nick Clegg was right on tuition fees; how a mansion tax would go down in their area; and how they were campaigning online.

Answering our questions were Tom Holvey and Chris Wiggin, from York, Katy Gordon for Glasgow North, Alan Bullion from Tunbridge Wells / Sevenoaks and Brendan D’Cruz from St Albans.

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Recent Comments

  • Ben Wood
    It is such sad news. I was lucky to get to know Micheal over the last few years (working on a book project for the John Stuart Mill Institute). He reaffirmed fo...
  • Ed Sanderson
    Very sad news. I remember many a lively evening of erudite discussion in Leeds - Michael was a true intellect - and a genuinely warm soul. My condolences to his...
  • Jack
    This is bang on. What is the point of a liberal party that won't stand up for rights, especially when both government and opposition want to make hay out of div...
  • Matt (Bristol)
    I totally understand this is a key issue for many Lib Dems (and I'm not speaking for Lib Dems myself, I'm an ex-member). But I don't understand how this 'vangua...
  • John Grout
    Fully agree with all of this. I've seen a few MPs' Pride Month posts reference Section 28 abolition and Same-Sex Marriage - we need to start talking about this...