Sir Keir Starmer has announced his resignation as prime minister, and all eyes are on the next leader of the country.

During the campaign, he set out a number of policy ideas, including hinting at how he could totally transform the property sector.

While Starmer is remaining in post for now, the frontrunner to replace him is former mayor of Manchester Andy Burnham after his recent by-election success in Makerfield.

Read more Andy Burnham hints at decision over PIP cuts

Burnham has said he wants a ‘reform of council tax” and see a land value tax introduced instead.

Here we look at what that would mean for Birmingham residents, how much they would pay and whether they would be better off.

Burnham said during his campaign that he wanted to scrap council tax, calling the current system “highly regressive” and its 1991-based valuations “not justifiable”.

He said those valuations meant lower-value homes often carry a disproportionately heavy burden relative to their actual worth.

Any future reform could include:

According to The Times, Burnham is said to be a fan of a proposal put forward by the campaign group Fairer Share, which wants to replace stamp duty and council tax with an annual property tax equivalent to 0.48% of a home’s value.

How much would it cost Birmingham householders?

If this were to go ahead, the average price of a property in Birmingham is £280,000.