Reeves leaves no stone unturned as she mulls reforms for property tax

The UK takes in more property tax as a share of its gross domestic property than any other developed economy, the OECD has said. Photograph: Victoria Jones/PA

Rachel Reeves is in favour of radical tax reform – or at least she was in 2018. “We need a radical overhaul of the tax system because our current system of wealth taxation isn’t working,” she argued in her pamphlet The Everyday Economy.

Seven years later, in her second year as chancellor, Reeves appears to be returning to some of the themes in that pamphlet, especially as it relates to the UK’s convoluted and unpopular system of taxing property.