Reeves waters down mansion tax plans

Contributing sentiments towards policy:

52% : " Ms Reeves is set to unveil a smorgasboard of tax rises in the budget in order to meet her fiscal rules.
49% : The levy, which is expected to raise between £400m and £500m, will be applied to council tax bills.
49% : Expensive homes in bands F, G and H will be revalued in order to determine who is eligible to pay the tax.
46% : Plans for the levy have now been scaled back over fears they could hit people who are asset rich but cash poor, according to The Times.
45% : The Chancellor is expected to use her budget on Wednesday to announce a levy on expensive homes as she tries to fill a £20billion black hole in the public finances.
45% : She had been set to break a manifesto pledge not to raise income tax but abandoned it after the OBR found she had to raise £20billion rather than £30billion.
43% : The Chancellor is expected to scale back levy plans over fears they could hit people who are asset rich but cash poor Rachel Reeves has reportedly watered down her plans for a mansion tax.
40% : People will be able to defer paying the levy until they move house or die, in order to avoid having to sell up to cover the cost.
38% : Instead she is expected to rely on a number of smaller measures including extending the freeze on income tax thresholds for another two years, a gambling tax and a pay per mile levy on electric cars.

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