Rachel Reeves eyes tax raid on expensive homes' in crunch Budget
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Rachel Reeves eyes tax raid on expensive homes' in crunch Budget
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"Rachel Reeves is reportedly considering bringing in new higher bands of council tax to target the owners of expensive homes. With weeks to go until her crunch Budget, the chancellor is hoping that the new higher council tax bands will help her plug a hole in the nation's finances worth tens of billions of pounds. No decisions have been taken, but Ms Reeves has said higher taxes on the wealthy will be part of the story in November 26's Budget."
The Independent emphasizes investigative reporting across issues like reproductive rights, climate change and Big Tech and solicits donations to fund paywall-free journalism. Donations are framed as necessary to keep reporters on the ground and to present multiple perspectives. Chancellor Rachel Reeves is reportedly weighing new higher council tax bands aimed at owners of expensive homes to raise several billion pounds and help plug a large fiscal shortfall ahead of the November 26 Budget. Economists warn that policy reversals, higher borrowing and weak growth may force tax increases or changes to borrowing rules, and the Financial Times says higher taxation of high-end homes is under active discussion.
Read at www.independent.co.uk
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