Clegg: Britain may tax foreign property investors

Britain may impose new taxes on foreign property investors in response to soaring house prices in London, deputy prime minister Nick Clegg said yesterday.

Demand from foreign buyers has stoked concerns of a property bubble and worries that many Britons are being priced out of the market.

Mr Clegg said that the government was reviewing the matter before finance minister George Osborne’s update to parliament on his economic plans on Dec 5, but said no decision had been taken.