European Commission urges UK to tax expensive homes more

The commission said council tax bands should be revalued, which would put up bills for some people, the BBC reports. Each year the commission offers member states advice intended to help ensure long-term growth. The Treasury said the UK, as one of the fastest growing economies, would listen to the commission with interest. In far-reaching recommendations the European Union's executive body also said the UK should prioritise capital spending. The commission described Britain's council tax system as "regressive", being relatively high on lower value properties. The UK governmen...