Hot on the heels of the costs place upon local government in Wales to allow the Deferral of Non Domestic Rates (see my previous posting) we have a competitor from the Liberal Democrats.  They and their economic guru Vince Cable are proposing an annual levy on houses worth more than £1m.  Before all the socialists in disguise within the Liberal Democrats start to get exited about this proposal they might do well to read Betsan Powys from the BBC on the issue.

So to give Vince and Nick a soundbite at Conference the Liberals are promising a policy which would need to be administered in Wales but would result in an actual increase in the budget of the Welsh Assembly of £0.  More paperwork, more costs and no benefits.  Good work lads!

Guto Bebb