Peter Mandelson in the House of Lords

Labour grandee Peter Mandelson famously remarked that he was “intensely relaxed about people getting filthy rich as long as they pay their taxes”. But the peer took to Newsnight to claim that one proposed levy — namely Ed Balls’ Mansion Tax — would amount to “clobbering people”:

“We don’t have an efficient system of taxing property in Britain. I don’t happen to think the mansion tax is the right policy response to that, I think it’s crude, I think it’s short-termist.

When Mandy was ennobled back in 2008, he was created ‘Baron Mandelson, of Foy in the county of Herefordshire and of Hartlepool in the county of Durham’ — references to a hamlet in which he owned a cottage and his former north eastern Commons seat.

According to property website Zoopla, however, no homes in Foy or Hartlepool have ever sold for more than the proposed £2 million Mansion Tax threshold.

In whose interests, then, could Mandelson — who lives in an £8 million Grade II listed Gothic Revival home in one of London’s most exclusive districts — possibly be acting?

  1. Once again: You don’t have to be subject to the tax to have an opinion on the tax.

    I’ve never murdered anyone, nor have I ever been murdered but I still have an opinion on whether murder is right or wrong!

    Only a few weeks ago it was the 215th anniversary of the introduction of income tax but William Pitt, a tax that was a “temporary tax” and had a maximum rate of 10%. The same will happen to the mansion tax. All taxes start off small before they grow to be levied on everyone at ever higher rates eventually making us slaves working hard to pay money to fund an ever bloated bureaucratic government.

  2. Forget mansion tax – its half-assed. Bring in Land Value Tax and then we can forget about income tax altogether. Sure champaign socialists like Lord Mandy will squeal but they’ve had enough time to make hay. Now it is time to stop taxing earned income and start taxing non-productive assets.

  3. Mandy area may not have to many homes worth £2 million, but most of his mates in the city will.

    But once you share this tax with Scotland it’s not going to go to far is it.

  4. I’m with Diane Abbot, for once i agree with mandy, he said he wants more council tax bands.

    you might not agree with him but you could at least be honest, grow up this demeans you

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