Secret Labour plans for a multi-billion-pound package of new ‘property wealth taxes’ to hammer London and the well-to-do counties of southern England were leaked last night. The Tories claim the proposals fly in the face of Ed Miliband’s claim to be a ‘one-nation’ leader and would only exacerbate the so-called ‘cost of living crisis’. Tellingly, the report commissioned by Mr Miliband which contains details of the ‘triple tax whammy’ is marked ‘very sensitive’. It would mean that if he wins power in next year’s General Election: New taxes planned: Ed Miliband, left, and former Wickes DIY store boss Bill Grimsey, right
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Secret Labour documents plan to ramp up rates on farmers and the South
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Shop owners would also be hit by new tax - even if they don't run the shop
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Money would be redistributed to help run-down towns - mainly in the North
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'Very sensitive' plan drawn up by former Wickes DIY store boss Bill Grimsey
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All shop owners would be forced to pay a new ‘property owner’s tax’ separate from existing business rates – and on top of existing income tax.
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Emergency laws would impose a new ‘business tax’ on firms in every prosperous city and town in England – backdated to before the election – to fund tax handouts to less well-off areas.
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And a new £500 million ‘farm tax’ would be introduced by scrapping the exemption from business rates that has applied to agricultural land and buildings since 1929.
Instead, a Labour government would immediately increase the level in prosperous areas (mainly the South) – and slash it in less prosperous areas (mainly the @placeholder) to tackle ‘geographical unfairness’.