This time its the Liberal Democrats who are the fruitcakes.
1% a year on a million quid house ? Ten grand a year ? Is he serious ? Now my house isn't worth anything like that much (or even half), but some of my colleagues who've been living in Central London for many years are getting close. These are not remarkable houses mind, they're just ordinary 4 bedroom houses in nice areas. There's no way they could afford £10k pa on top of the mortgage.
And bear in mind that stamp duty for a £1m house is £40k.
State sponsored robbery, pure and simple.
And as the rest of the drivel in his speech, well, words fail me. Except for two. Economic illiterate.