Andy Burnham‘s plans for a new land tax could trigger a house price slump in parts of the south, according to a new analysis.
The incoming prime minister has repeatedly backed the idea of imposing a new Land Value Tax, describing it as ‘aspirational socialism’.
The plan would replace both council tax and stamp duty, which have long been criticised by economists.
A new analysis reveals that the idea could slash annual council tax bills in the north, but lead to huge increases in parts of the south where the average value of land is higher.
The scale of the increase in parts of
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