Plans for a new tax on tens of thousands of second homes have been drawn up by the UK's Labour Party in a plan to ease the housing crisis and generate funds to cut homelessness. Second properties used as holiday homes would be the target of an annual tax if the Labour Party wins the next election, with each property facing an average tax of about £3,000 a year. The Guardian newspaper says, "It is the latest sign that Labour is prepared to back radical policies to show it is preparing for government and willing to target new taxes on wealth."
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