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Daily Mail
· collected 2026-10-05 · by Martin Beckford, David Wilcock
Shadow Chancellor Andrew Griffith announced during the Conservative Party Conference in Birmingham that if the Tories win the next election, they will scrap Labour's proposed "mansion tax," which targets properties valued over £2 million and would cost up to £7,500 annually. Griffith described this tax as "vindictive" and argued it would be unaffordable for retirees who have lived in their homes for years. He plans to replace the tax with measures such as recovering unpaid student loans from foreign students to fund its abolition.
Written locally by qwen2.5:14b on 2026-10-05,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
At the Conservative conference in Birmingham, Shadow Chancellor Andrew Griffith vowed to scrap Labour’s proposed "mansion tax" if the Tories win the next general election. The tax, set to take effect in April 2028, would impose an annual charge of up to £7,500 on properties valued at more than £2 million. Griffith branded it as “vindictive,” arguing that it would be unaffordable for retired homeowners and even impact commuters living in modest homes due to soaring property values over the years. He promised to eliminate such taxes annually, similar to Margaret Thatcher’s approach, emphasizing that the tax would reduce home values while raising less than 1% of what council tax generates.
Written for “UK Election Housing Policy Debate” on 2026-10-06,
grounded in this article and the 0 other(s) covering the same event.
Why this leaning score
The model judged this article politically coded and scored it -0.35, but 2 quote(s) could not be found in the article and the other 1 are attributed speech rather than the article's own narration, so the score is not published.
Written under an earlier scoring contract, which gave a paragraph
rather than checkable quotes. Re-analysing this article replaces it.
Leaning score withheld for article 58799: no verified evidence · logged 2026-10-05
The Tories have vowed to scrap Labour's 'mansion tax' if they win the next general election.
asserted
they → vow → election
Shadow Chancellor Andrew Griffith branded the looming charge – which will cost up to £7,500 a year for owners of properties valued at more than £2million – 'vindictive'.
In his keynote speech to the Conservative conference in Birmingham, Mr Griffith warned the tax – due to take effect in April 2028 – would be 'simply unaffordable' for retired people in houses bought decades ago that have since soared in value, and that it would also hit commuters living in 'ordinary homes'.
asserted
it → brand → homes
He vowed that a future Tory government would abolish what he rebranded the Family Homes Tax as part of his plan to get rid of a different tax in every Budget, emulating Margaret Thatcher's Chancellor Nigel Lawson.
asserted
he → vow → Lawson
Mr Griffith said last night: 'People who have worked hard to buy their home and have lived in it for years will face huge tax bills, and many will have no way to pay.
'
asserted
many → say → way
Labour's own figures say it will knock value off people's homes, and will raise less than 1 per cent of what council tax brings in.
asserted
tax → say → what
No finance director would sign off a scheme that builds a whole new bureaucracy to raise so little.
asserted
that → sign → little
'[Chancellor] John Healey can drop this tax in his Budget in three weeks' time.
asserted
Healey → drop → time
In his speech, Mr Griffith said Labour pretend the 'vindictive raid on family homes' is a mansion tax, but in reality 'it will hit people here in Birmingham, in Manchester, and those living in ordinary homes making long commutes to our capital city'.
asserted
it → say → city
Shadow Chancellor Andrew Griffith pledged in his conference speech to scrap Labour's mansion tax
Mr Griffith pictured preparing for his party conference address in Birmingham yesterday
He went on: 'For many, it will be simply unaffordable.
asserted
it → pledge → many
They may have bought their home decades ago, be retired and on a fixed income...
uncertain
They → buy → income
£75,000 over ten years – where is a widow supposed to get that sort of money?
asserted
widow → suppose → money
[Labour] don't care.'
asserted
Labour → care → ?
The Tories say they will fund the abolition of the officially named High Value Council Tax Surcharge – which will raise just £400million a year – by cracking down on unpaid student loans taken out by foreign students.
asserted
which → say → students
Mr Griffith added: 'I didn't come here to raise taxes.
asserted
I → add → taxes
I came here to lower them.'
asserted
I → come → them
He said the Conservatives had already vowed to scrap Labour's family farm tax, remove VAT from private school fees and abolish stamp duty if they return to power.
asserted
they → say → power
'Like Nigel Lawson, it is my ambition to scrap at least one tax every Budget,' he declared.
asserted
he → scrap → tax
But he said the Tories would only cut taxes when they can afford to do so and can fund it, amid speculation that Conservative leader Kemi Badenoch will not commit to abolishing inheritance tax completely in her conference speech tomorrow.
asserted
Badenoch → say → speech
It is thought that she will instead pledge to cut the rate at which it is levied on estates, or increase the threshold at which it kicks in.
asserted
it → think → which
Mr Griffith admitted another tax in his sights, a Net Zero charge on packaging that could add £50 to annual grocery bills,
is 'the sort of thing the old Conservative Party went along with'.
uncertain
Party → admit → thing
He also conceded that when previously in power the Tories had created too much red tape.
asserted
Tories → concede → tape
He added: 'Despite Ronald Reagan celebrating Britain as the birthplace of economic freedom, in government we allowed restrictions on everything from the type of car you could buy, how you could heat your home, to banning adverts for certain types of yogurt.'
uncertain
you → add → yogurt
He claimed that under Labour, Britain is close to becoming a socialist-style 'command economy', where 'the state spends 45p in every pound and millions of working-age people have their entire lifestyle funded by others'.
asserted
lifestyle → claim → others
Mr Griffith accused Prime Minister Andy Burnham of wanting Britain to return to the imagined past of 'his socialist fever-dream of the 1970s'.
asserted
Britain → accuse → 1970s
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