Tuesday, March 18, 2014
And nary a Poor Widow In A Mansion in sight
Mansion tax 'could trigger huge crash in property prices': Owners' lobby group claim that 'economically illiterate' levy is just politics of envy
A powerful new lobbying group containing dozens of the countryÃ¢Â€Â™s super-rich Ã¢Â€Â“ and backed by a Tory MP Ã¢Â€Â“ has been set up to thwart moves to introduce a mansion tax. The secretive outfit hopes to overturn public support for the proposed levy on multi-million-pound homes by arguing that it is Ã¢Â€Â˜economically illiterateÃ¢Â€Â™ and would trigger a devastating crash in property prices. The new lobbying group, organised by a property mogul who operates in some of the capitalÃ¢Â€Â™s most exclusive areas, was discreetly launched last November at a meeting in a West End restaurant attended by 65 of the richest people in the UK Ã¢Â€Â“ including Russian oligarchs and multi-millionaires from the Middle East.