Shadow chancellor pledges to abolish mansion tax and cut one levy each budget

During a speech at the Birmingham conference, the shadow chancellor declared his intention to repeal the upcoming mansion tax and to cut at least one additional levy every fiscal year. He framed the plan as a fight against anti-growth policies, arguing that higher taxes on high-value homes would distort the housing market and burden commuters. The politician also pledged to eliminate the plastic-packaging tax, describing it as harmful to businesses.

He warned that past Conservative administrations had over-regulated sectors ranging from automotive choices to home heating. By invoking figures like Nigel Lawson and Ronald Reagan, he positioned the party as the defender of free-market principles and promised a “bonfire of red tape” to spur economic expansion.