Reported plans could raise up to £40bn while preserving pledge not to raise income tax, VAT or national insurance

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Rachel Reeves is considering plans for a tax on expensive homes in an effort to raise billions of pounds and close a large hole in the public finances.

The chancellor has ruled out increases to income tax, VAT and national insurance, but Treasury officials have been tasked with exploring other options to boost revenue.

Continue reading…Tax and spending, Rachel Reeves, Labour, Property, Housing, Housing market, Business, Politics, Society, Real estate, UK newsRead More

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