Jeremy Corbyn has unveiled plans for a new tax raid on middle-class homeowners which will see those with larger family homes and gardens pay significantly more.
A new report, commissioned by Labour, suggests that council tax should be scrapped and replaced with a "progressive property tax".
The tax would be payable by property owners, rather than tenants, and would be based on "regularly updated" property values.
The report says there would be a "progressively higher rate of taxation" for each of top four property bands by value.
The proposed tax raid is one of a raft of policies being considered by Labour after the publication of a new report entitled "land for the many".
Telegraph.
Corbyn advocating thievery?
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