Key facts
- John Healey has ruled out expanding Labour's proposed mansion tax to homes valued at £1.5 million.
- The decision is seen as a boost for homeowners in London.
John Healey has ruled out expanding Labour's proposed "mansion tax" to include homes valued at £1.5 million. This decision is seen as a potential boost for homeowners in London and other areas with high property values.
The proposal, which would have extended the tax to properties worth £1.5 million, was reportedly considered by the Chancellor. However, Healey has now stated that this expansion will not proceed.
