Andy Burnham fuels fears of extra £7.5 billion property tax on London

Andy Burnham has discussed reforming property tax should he come to power, specifically focusing on a Land Value Tax. These proposals have sparked concerns regarding a potential £7.5 billion property tax burden on Londoners. The New Prime Minister noted that previous council tax reforms introduced by former Chancellor Rachel Reeves were merely a start. The plan aims to restructure how property is taxed, though the specific mechanisms of these reforms remain a point of significant debate.