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The dramatic policy is designed to clamp down on middle-class families who buy a second property as a nest egg for their retirement.
Mr Mc Donnell said he believed the idea would reverse problems caused by Mrs Thatcher's policy.
Hurricane Dorian has destroyed islands in the Bahamas where it claimed its known first victim.
Lachino Mc Intosh (inset), 7, is reported to have drowned near his family's home in Abaco Islands. It's understood the children were with their family when they tried to seek shelter from their home.
Prime Minister Hubert Minnis said flooding was so bad, 'you cannot tell the difference as to the beginning of the street versus where the ocean begins'.Pictured: Jeremy Corbyn hunts for the right combination for his bike lock in London today (left bottom); British Prime Minister Margaret Thatcher hands over the deeds to the council house belonging to the King family of Milton Keynes, Buckinghamshire, 1979 (right bottom).Education Secretary Gavin Williamson has announced plans for all teachers to be paid at least £30,000 including new starters.The 40-year-old comedian reportedly sustained a 'major back injury' when his vintage Plymouth Barracuda veered off the road and down a hill off of Mulholland Highway around 1am, according to TMZ.Kevin - who was 'not driving' at the time - was 'trapped' in the vehicle along with two other people, just hours after he posted a video of himself behind the wheel of the car to social media.