The Aporia
Merriman, S. (2026, October 22). Call for new property tax that would hammer the South East. Daily Mail. https://www.dailymail.com/news/article-16231589/Call-new-property-tax-hammer-South-East.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
Merriman, Sam. “Call for new property tax that would hammer the South East.” Daily Mail, 22 Oct. 2026, https://www.dailymail.com/news/article-16231589/Call-new-property-tax-hammer-South-East.html?ns_mchannel=rss&ns_campaign=1490&ito=1490.
Merriman, Sam. “Call for new property tax that would hammer the South East.” Daily Mail, October 22, 2026. https://www.dailymail.com/news/article-16231589/Call-new-property-tax-hammer-South-East.html?ns_mchannel=rss&ns_campaign=1490&ito=1490.
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Labour MPs have urged John Healey, the Chancellor, to introduce a controversial property-value tax at the upcoming Budget. This proposal would replace council tax and stamp duty with a proportional property tax system, aimed at making it fairer by lowering bills in areas where Labour traditionally has strong support. Under this new scheme, an annual 0.48% tax on all homes is proposed, which would significantly increase taxes for families in London and the South East, with average bills rising to about £1,824 annually. In contrast, a house in the North East would attract an average annual charge of around £748. The proposal aims to cut bills for 77% of households by an average of about £550 and is seen as politically beneficial for Labour in areas where it has lost votes recently. MPs like Jonathan Hinder, representing Pendle and Clitheroe, and Luke Myer from Middlesbrough South and East Cleveland, support the reform to address what they see as a "broken" property tax system.