Mansion tax to hit 165,000 homeowners April 3, 2026 The mansion tax is expected to hit 165,000 homeowners in its first year, more than the 120,000 that was previously thought. The levy will hit 45,000 more properties than had been initially forecast, according to the fiscal watchdog, and thousands could successfully appeal the tax. The mansion tax, introduced at last year’s Budget, will not [...]
Mansion tax is an ‘assault’ on London’s property market November 27, 2025 The UK’s new ‘mansion tax’ is set to hit homeowners in London hard, particularly for middle-class Londoners who have seen the price of their property balloon in the last two decades. Chancellor Rachel Reeves introduced a new high-value council tax surcharge for owners of properties valued at over £2m in her second Budget on Wednesday. [...]
Autumn Budget: Reeves pushes ahead with ‘mansion’ tax November 26, 2025 A mansion tax will be introduced on homes worth more than £2m, Rachel Reeves confirmed, despite warnings from the property industry that the move was fraught with practical difficulties and would lead to a fire sale of high-end homes. The Chancellor ploughed ahead with widely rumoured plans to apply a “high-value council tax surcharge” on [...]
Council tax revaluation on high-value homes to disproportionately hit London and South East November 15, 2025 Rachel Reeves is set to introduce a council tax surcharge on expensive homes in a move that will disproportionately impact London and the South East, according to reports. The Chancellor is currently finalizing plans to plug a £25bn black hole in the public finances, and last week ruled out a major rise to income taxes. [...]
Council tax spike to pay for Reeves spending plans June 12, 2025 Council tax will rise at the fastest pace in over two decades, fresh analysis has suggested, after a government document said it expected bills to rise to pay for local services. The Institute for Fiscal Studies (IFS) has pointed to government documents published shortly after the Spending Review ended suggesting Brits will have to pay [...]
Council pay: Westminster tops ‘town hall rich list’ with 73 staff on over £100k March 31, 2025 Westminster City Council has topped a national ‘town hall rich list’ with 73 staff rewarded with over £100,000 last year. The central London borough council also had the most employees nationwide – at eight – receiving more than £200,000 in total remuneration, in 2023-24, according to the Taxpayers’ Alliance (TPA). While 13 more Westminster staff [...]
Londoners are getting a bad deal from local government February 11, 2025 Ever rising council tax means London boroughs are better funded, yet they continue to spend beyond their means, with a £500m shortfall expected this year, says Shimeon Lee London is a city steeped in history. The governance of London is equally ancient, with the City of London dating back to medieval times. Yet while the [...]
Sadiq Khan to hike his share of London council tax bills January 16, 2025 Sir Sadiq Khan is set to hike Londoners’ average council tax bills by almost £19 a year – with City Hall’s share of the yearly total reaching almost £500. The London mayor is planning to increase his average ‘precept’ – or the amount he adds onto residents’ bills from their local councils – by four [...]
Which taxes will Labour hike in the October Budget? September 25, 2024 Kier Starmer has said that those with the "broadest shoulders should bear the heavier burden". So where will Starmer and Reeves turn to raise some extra cash?
Election 2024: Will Labour change your council tax band? June 19, 2024 Labour's position on council tax is coming under intense scrutiny, amid calls to revamp the 1991 bands. Will the party have to re-evaluate them?