The Conservative Party Conference opened yesterday amid calls from the Lib Dems for the Tories not to drop the “Mansion Tax” Both the Chancellor George Osborne and the Prime Minister have made clear they have no appetite to introduce the tax although do state they have plans to tax the more well off.
Mr Osborne feels the proposed tax "clobbered" those who worked hard, having persevered to save and buy their home or have taken out large mortgages. "We are not going to have a mansion tax or a new tax that is a percentage value of people's properties," he told The Mail on Sunday.
There s some concern amongst Tory rank and file that pre-election, it may be deemed a mansion tax, but people would realise soon afterwards, that their modest home, would be labeled a mansion.
The week is likely to be difficult for the Conservatives as they significantly trail in the polls. The Government concedes that it needs to do more than just manage policies, but also needs to explain them.
The Conference will be used to hopefully explain their current policies in more detail.
