The mansion tax is a tax on Britain when it can least afford one

The mansion tax is a tax on Britain when it can least afford one

Labour appears to have found its next target: homes worth over £2m. From April 2028, owners will pay a yearly surcharge of £2,500 to £7,500. Ministers call it fairness. I call it a mistake, and the timing makes it worse.Look at Weybridge. Between January 2024 and this April, 152 homes there sold for over £2m, more than any constituency outside London.It is the perfect target for a headline tax. But talk to the people who live there and the pictu…