The government has confirmed plans to impose a "mansion tax" by doubling the council tax on homes worth more than £2 million across the country.
This is a tax on family homes in London, where the average house price is almost double the national average. According to Rightmove this week, £1,900,000 will buy a large pile in Gosforth — a well-healed suburb of Newcastle — spread over nearly 6,000 sq ft.