LABOUR MPs ASK REEVES TO SCRAP COUNCIL TAX- Reeves faces mounting pressure to overhaul UK’s property taxes in next month’s budget
More than a dozen Labour MPs have written to the Chancellor of the Exchequer, Rachel Reeves, calling on her to scrap council tax, as the chancellor faces mounting pressure to overhaul Great Britain’s property taxes in next month’s budget.
Thirteen MPs, mainly from seats in northern England, wrote to Reeves last month asking her to abolish the tax and replace it with another system that better accounts for the steep rise in house prices in London and the south-east over the last 35 years.
The chancellor is looking for ways to close what could be a £30bn shortfall in the public finances, with experts warning that doing so could require a shake-up of the entire tax system.
The Labour MPs in a statement said the party must be bold to embrace new ideas that put more money back into the pockets of working people to successfully transform Britain and fight back against Reform.
They further stated that the Council tax and stamp duty land tax, which were designed decades ago, have long since ceased to reflect economic reality, resulting in a deeply unfair, inefficient, and outdated system that widens inequality and holds Britain back.
The Labour MPs calling for the abolition of council tax do not say how it should be replaced, but are clear that any new system should better take account of property valuations in London and the south-east.
