I live in Northumberland in a small 3 bedroom bungalow, the third bedroom just fits a single bed, we pay over £2000 a year in council tax and the notional figures for LVT would bump this to over £6000, as for the bond that ain't going to work as the money markets are very cautious about government bonds and gilts, one of the reasons why it is so hard for the Tories to dial down the deficit is that they can't generate any surplus in bonds and gilts with such a flat market. It is highly unlikely that Corbyn could generate significant borrowing through bonds, I was going to write a whole lot more but suffice to say that the domino effect on interest and inflation of this would start to destabilise other aspects of the economy, Labour manage the economy on an ideological basis, one reason why they think they will pay for everything by taxing the wealthy individuals and companies more whilst ignoring the reality that these individuals and companies tend to move their wealth elsewhere leading to lower tax revenues.
