Caller thinks Rachel Reeves will introduce a mansion tax to appease backbenchers

Rachel Reeves is set to hit 100,000 properties with 'mansion tax'.

The chancellor will attempt to raise £400-£450 million from the levy, which will come from revaluing properties across bands F, G and H.

Reeves' plan could lead to a slowdown at the top of the housing market, the Office for Budget Responsibility has said.