Thousands of Londoners 'to be hit by new expensive homes tax surcharge' in Budget

Contributing sentiments towards policy:

55% : The Chancellor will hit homeowners with properties worth more than £2million with a levy that could raise £400-£450 million, says The Times.
52% : Some 2.4 million properties in the top three council tax bands would be revalued to determine which would be subject to the surcharge.
51% : Rachel Reeves will announce a tax surcharge on more than 100,000 high-value properties in this week's Budget, according to reports.
50% : After scrapping plans to raise income tax, she is expected to look to a "smorgasbord" of smaller measures to bridge a multi-billion pound gap in her spending plans.
50% : Shadow chancellor Sir Mel Stride said Ms Reeves and Labour were choosing to increase the country's welfare bill and passing the cost on to workers.
50% : "It is now clear that Labour will raise taxes to pay for this welfare expansion - possibly by extending the freeze on income tax and National Insurance thresholds.
50% : "It will therefore also be an increase in national insurance, and if so, in my mind, it would also break the letter of the manifesto, which said no increase in national insurance," she told The Westminster Hour on BBC Radio 4. Reacting to the news of the likely property tax announcement, Christian Lock-Necrews, of Winkworth's Knightsbridge and Chelsea office, said: "I have a client from the Middle East, who said that if this 100% increase does come in, it will likely be the lever to sell their property as it's just one thing after the other at present.
49% : Yet that is exactly what Labour looks set to deliver at the Budget: a multibillion-pound welfare splurge funded by stealth taxes on people who are already struggling.
49% : They say extending it for two years will drag another 1.3 million into starting to pay income tax or into the higher rate, on top of 7.7 million already estimated to be hit under the Conservative freeze due to end in 2028.
48% : An extension of the freeze on income tax thresholds is also among rumoured measures and would see more people dragged into paying tax for the first time or shifted into a higher rate as their wages go up.
48% : " She added: "Families across the country are fed up with being milked for their hard-earned cash." Helen Miller, director of the influential think tank the Institute for Fiscal Studies, said freezing the income tax threshold would "break the letter" of Labour's manifesto.
47% : "So, when taxes go up this week - when your pay packet shrinks - remember this is not because of global forces, or Brexit, or the Conservatives but because Labour has chosen higher welfare and is sending the bill to you.
44% : She is thought to be considering bringing in a pay-per-mile tax for electric vehicle drivers and limiting how much workers can stash in their pensions under salary sacrifice schemes before paying national insurance.
44% : " The Lib Dems have said the move would be "rank hypocrisy" and amount to a "stealth tax stitch-up" by Labour and the Conservatives.
43% : Every other party is committed to scrap the cap - it's only the Conservatives who want to control welfare spending.
39% : Lib Dem deputy leader Daisy Cooper said: "A staggering nine million people are now set to be hit by the Conservative-Labour stealth tax stitch-up.

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