1 week ago Will your house be a 'mansion' by 2028? The London areas on the cusp of mansion tax threshold

Selling a home in the London villages where homes are approaching £2m just got harder with Labour’s mansion tax

Politics

2 w. ago 'I started with nothing!': Second home owners on banks of stunning Lake Windermere rip into Labour's 'unfair' mansion tax raid for being 'wrong on every level'

Businessman David Sutton, 64, has three homes which stand together overlooking one of Britain's most stunning vistas: Lake Windermere. But even he is selling up.

Society

2 w. ago 'I started with nothing!': Second home owners on banks of stunning Lake Windemere rip into Labour's 'unfair' mansion tax raid for being 'wrong on every level'

Businessman David Sutton, 64, has three homes which stand together overlooking one of Britain's most stunning vistas: Lake Windemere. But even he is selling up.

Society

2 w. ago Interactive map shows location of all £2m houses hit by new 'mansion tax'

Our interactive map shows where all the £2 million homes set to be hit by Labour's new mansion tax are located

Economics

2 w. ago Government 'snoopers' could use 'spy in the sky' imaging to track down homes for Labour's 'mansion tax'

Valuers with access to 'spy in the sky' technology are being tasked with tracking down high-value properties.

Politics

2 w. ago Labour's new 'mansion tax' sparks fears of 'Big Brother snoopers' marauding the streets to spy on Brits' homes

In her Budget on Wednesday, Chancellor Rachel Reeves said she was introducing a 'high value council tax surcharge' in England for homes worth £2million or more.

Politics

2 w. ago Starmer says budget did not break manifesto tax pledge and scrapping two

PM says: ‘We kept to our manifesto in terms of what we’ve promised. But I accept the challenge that we’ve asked everybody to contribute’Ask the Guardian your budget questionsShare your views on the new ‘mansion tax’Budget calculator: find out if you are better or worse offThe Conservative party is attacking the budget on the grounds that Rachel Reeves is putting up taxes supposedly to fund more spending on benefit claimants. Even though the rationale for this claim is questionable, the Tories were making it before the budget was announced, and Kemi Badenoch firmed it up last night, claiming it was a “Benefits Street budget”.On LBC this morning, asked if the budget meant “alarm clock Britain paying for Benefits Street”, Reeves said she did not accept that. She said 60% of the families that would benefit from the removal of the two-child benefit cap (the most expensive welfare announcement in the budget) were in work.I don’t think children should be punished by this pernicious policy ...

Economics

2 w. ago Reeves should have included more tax reform in budget to help growth, IFS thinktank says – UK politics live

Institute for Fiscal Studies director says chancellors continue to ‘shy away from meaningful tax reform that could move the dial’Ask the Guardian your budget questionsShare your views on the new ‘mansion tax’ Budget calculator: find out if you are better or worse offThe Conservative party is attacking the budget on the grounds that Rachel Reeves is putting up taxes supposedly to fund more spending on benefit claimants. Even though the rationale for this claim is questionable, the Tories were making it before the budget was announced, and Kemi Badenoch firmed it up last night, claiming it was a “Benefits Street budget”.On LBC this morning, asked if the budget meant “alarm clock Britain paying for Benefits Street”, Reeves said she did not accept that. She said 60% of the families that would benefit from the removal of the two-child benefit cap (the most expensive welfare announcement in the budget) were in work.I don’t think children should be punished by this pernicious policy any lo...

Politics

2 w. ago Reeves dismisses Tory claims of ‘Benefits Street budget’ – UK politics live

Chancellor says 60% of families that will be better off after the two-child limit is scrapped are in workAsk the Guardian your budget questionsBudget calculator: find out if you are better or worse offThe Conservative party is attacking the budget on the grounds that Rachel Reeves is putting up taxes supposedly to fund more spending on benefit claimants. Even though the rationale for this claim is questionable, the Tories were making it before the budget was announced, and Kemi Badenoch firmed it up last night, claiming it was a “Benefits Street budget”.On LBC this morning, asked if the budget meant “alarm clock Britain paying for Benefits Street”, Reeves said she did not accept that. She said 60% of the families that would benefit from the removal of the two-child benefit cap (the most expensive welfare announcement in the budget) were in work.I don’t think children should be punished by this pernicious policy any longer. And the cost to society of this is huge, the cost for counci...

Politics

3 w. ago Mansion tax on properties over £2m, up to £7,500 a year, will COST Treasury before it comes in with less taken from stamp duty & CGT and will drag in more homes over years

Labour's mansion tax attack will hit 'normal' properties in London and the South East - and initially cost the government money, experts have warned.

Economics

3 w. ago Labour 'mansion tax' will cost homeowners up to £7,500 a year

Kate Allen, 45, founder and owner of Finest Stays, a luxury holiday letting agency based in Devon, manages more than 100 high-value holiday homes, most worth more than £2million.

Economics

3 w. ago Reform UK surge reaches LONDON as poll shows Labour support diving amid Sadiq Khan backlash and fears capital will be hammered with 'mansion tax'

The latest Savanta survey found Nigel Farage's party were supported by 23 per cent of voters in London, up from 15 per cent in June.

Politics

3 w. ago Kirstie Allsopp: Mansion tax is just a 'chunk of meat' for Labour's MPs

The TV property guru described Rachel Reeves' proposal as 'performative' and a 'nice chunk of meat' for the Labour backbenchers.

Politics

3 w. ago Labour taxes partly to blame for rich leaving London, admits Business Secretary Peter Kyle

The Cabinet minister admitted that in recent years doctors, entrepreneurs as well as billionaires had left the country

Economics

3 w. ago Labour taxes partly to blame for exodus of wealthy from London, says Business Secretary Peter Kyle

The Cabinet minister admitted that in recent years doctors, entrepreneurs as well as billionaires had left the country

Economics

3 w. ago 2.6 million people in London and South East to be hit by stealth income tax with Reeves Budget raid

The Chancellor is set to continue the income tax thresholds freeze, first introduced in 2022 by Rishi Sunak, until 2029/30

Economics

3 w. ago 'As bad as Kwasi Kwarteng': Rachel Reeves' popularity hits record low in new poll days before Budget

The grim finding for the Chancellor comes despite the UK economy outpacing France, Germany and Italy

Events

4 w. ago 'Mansion tax' on way, say Labour MPs after talk with Rachel Reeves on Budget which will hit London hard

'Mansion tax' on way, say Labour MPs after talk with Rachel Reeves on Budget which will hit London hard  London Evening Standard

Economics

4 w. ago Rachel Reeves 'privately declares war on the rich' as she reveals her mansion tax plan behind closed doors and urges MPs to 'celebrate' Budget

Chancellor Rachel Reeves talked up a war on the 'rich' as she wooed restive backbenchers ahead of the crucial fiscal statement next week.

Economics

4 w. ago Mapped: Where mansion tax could hit as Reeves looks at raising council tax rates

Around 310,000 high-value homeowners could be hit by proposals to tweak council tax bands

Events