Since 2012
Rachel Reeves’s new council tax surcharge on homes worth £2m or more earns mixed reception in well-heeled London borough
In the leafy London borough of Richmond, on the south-western fringes of the capital, there was quiet resignation at the chancellor’s announcement of a “mansion tax” on England’s most expensive properties.
In an area where one-bed flats often sell for £300,000, and large, detached family homes regularly sell for upwards of £2m, “mansion” is seen as something of a misnomer.
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