London Mayor backs Chancellor's mansion tax

ODN

London Mayor Sadiq Khan says the government inherited a massive deficit due to Brexit, the pandemic and austerity, and that he is "a firm believer in those with the broadest shoulders carrying the greatest burden", as he's asked about the Chancellor's announcement of a mansion tax. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Transcript

00:00I think it's really important to recognise that one of the inheritances of the government last July

00:05was this massive deficit, contribution of Brexit, contribution of the pandemic

00:10and the previous government's policies, particularly around austerity.

00:13I'm a firm believer in those with the broadest shoulders carrying the greatest burden.

00:18What the government's announced today is those with properties that are revalued

00:21at more than £2 million will have to pay an additional amount in council tax.

00:25My concern has been there are Londoners who may have had a property for decades

00:29who may be, inverted commas, asset rich but cash poor.

00:34They mustn't be penalised and I'm really pleased the government's going to work with Londoners

00:38to make sure there's the right scheme that doesn't scare them and penalise them.

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