Telegraph doesn't tell the whole truth

From the Telegraph today:

If the threshold [of basic rate stamp duty] had been increased with house price inflation since Labour came to power, it would be £143,000.

Yeah, and if the threshold of £30,000 in 1979 had been increased in line with house prices then it would have been £92,000 by 1979 (calculations based on Nationwide figures), instead the Tories only increased it to £60,000. And they pretty much got rid of MIRAS too, by the time the Tories got kicked out it was only available for mortgages under £30,000. Didn't see you lot moaning then.

That's the trouble you see, the Tories are just so much better at stealth taxing.