Boris Johnson has been weighing up shock plans to impose a “mansion tax” on owners of expensive homes, in a move which will infuriate the Conservative Party’s grassroots and stun MPs.
Severe cuts to pension tax relief enjoyed by millions of voters are also being considered by the Prime Minister and his Chancellor, Sajid Javid, for the Budget next month in an effort to pay for a huge increase in public spending.
Two separate sources told The Telegraph that ideas to raise more tax from better-off homeowners had been discussed on separate occasions in the past few weeks at the highest levels of the Treasury and No 10. ST.
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