Families who have saved hard to own their own home would
be punished under Labour’s ‘mansion tax’ plans, a major insurer has warned.
Chief executive of Legal and General, Nigel Wilson, said the party was
‘pandering to the politics of envy’. He fears that Ed Miliband's pledge to
impose a tax on homes worth more than £2 million would exacerbate the housing
shortage and make it hard for first-time buyers to get a foot on the property
ladder. Mr Wilson said: ‘People who choose to prioritise buying a home have
typically made sacrifices to do so: fewer foreign holidays, meals out or other
luxuries. Through no fault of their own, their prudence would be punished by a
Mansion Tax.’ Read more on the Daily Mail website.
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