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Labour's mansion tax plan would hit its own voters hardest, analysis reveals

From the Newshound archive · first published 24 September 2026 · last updated 25 September 2026.

Londoners collectively underpay council tax and stamp duty by £3.1bn a year, the Resolution Foundation found, with 80% of London households benefiting while 85% of North East households face overpaying by 2030-31.
Londoners collectively underpay council tax and stamp duty by £3.1bn a year, the Resolution Foundation found, with 80% of London households benefiting while 85% of North East households face overpaying by 2030-31.

A new analysis reveals that Labour's proposed £1.5 million mansion tax would fall most heavily on homeowners in Labour-held seats, with London constituencies bearing the brunt. The scheme is part of a wider property tax overhaul under scrutiny this week, with separate research showing Londoners already underpay property taxes by £3.1 billion relative to their home values. Meanwhile, a former British Army captain has accused Prime Minister Andy Burnham of scoring a "tax own goal" by failing to crack down on illegal tobacco markets costing the Treasury £4.3 billion a year — enough to pay the salaries of every one of the Army's 74,000 soldiers.

The Resolution Foundation warns Council Tax and Stamp Duty are 'grossly unfair', with North East households set to overpay by an average of £710 a year by 2030.

Former Army captain and bioweapons expert Hamish de Bretton-Gordon says Burnham is 'rolling the dice on Britain's security' by refusing to commit to 3% defence spending.

MoreGB NewsLabour scoring 'tax own goal' as missing levy could pay salary of ENTIRE British Armythenegotiator.co.ukLondoners paying £3.1bn too little in property tax, says report - thenegotiator.co.ukThe TimesHow Labour’s £1.5m mansion tax plan would hit its own voters hardest
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