If you are aspirational, own a property, have saved prudently into a pension and hope to leave a little to your children after you’ve gone… be afraid.
If you also happen to live in the South of England, be very afraid. Andy Burnham has you in his sights.
While we have no detail of which taxes the self-styled King of the North will dream up or increase to fund his ‘new economic model’, he has floated a number of possibilities – all of them worrying.
In a showcase BBC interview, he strongly hinted that southern homeowners should pay more in council tax than the rest of the country because they live in more expensive properties.
What he failed to mention is that they also have bigger mortgages and pay more income tax. And if they commute into the capital, they must pay either eye-watering public transport costs or, if they drive, punitive ULEZ, congestion zone and parking charges.
