CLIVE POWER

ALT Hannah Aldridge, Senior Research and Policy Analyst at the Resolution Foundation, said: “The UK raises more tax revenue from the homes we live in than most other advanced economies. Unfortunately, our two main housing taxes – Council Tax and Stamp Duty – are terribly designed, grossly unfair and economically harmful. “Our housing taxes fall heaviest on those least able to afford them and have turned into a huge £3.1 billion subsidy for those living in London – paid for by households across the rest of England. “The economic and fairness case for overhauling our housing taxes are clear. But the politics of reform has got hung up on those who lose out – such as those living in gentrified areas of London – even though most households in England would pay less tax. “Housing taxes cannot be fixed overnight. But the Chancellor should set out a sensible roadmap to reform in the Budget next month.”