Nick Clegg interview on mansion tax

The video discusses the approach to clearing London's deficit by asking residents of high-value homes to contribute more. It outlines the proposed contributions for homes valued between £2-2.5 million and discusses potential fees for properties over £5 million. The video advocates for a banded approach to property tax, similar to council tax bands for lower-value properties, to ensure fairness. The final details will be consulted on in the next Parliament.

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