It's forecast we'll get a 7% stamp duty on properties costing more than £2 million today.
The problem with that is it perpetuates a bad tax and does not replace it with a better tax. That would be a land value tax.
This is a fudge, and a poor fudge and is pure political expediency when what is needed is real thinking about how we create a proper progressive tax system and one that reduces and not increases distortions.
But I guess we can't expect that of a purely political chancellor.