A roof tax is just 'soak the rich' politics and the worst thing is that once it gets through then they'll start to lower the threshold and increase the rates so that we all end up paying it in a few years.....is it not enough that you pay tax on your income, you pay more tax out of what is left - on stamp duty to buy yourself a home and then you pay tax continually in council tax...now you will have to pay even more tax just for the priviledge of living in your own home - this is a terrible idea....

Like many others The Standard has fallen into the trap of thinking that the Mansion Tax is 1% on the value of any home over £2m. IT IS NOT.

If you read their manifesto you will see that it is a charge of 1% on any amount OVER £2m. So, someone owning a house of £2m won't pay £20k pa - they will pay NOTHING.

The story here is that the Lib Dems therefore won't earn anywhere close to the £1.7bn that they claimed the tax would raise.