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The Independent UK
The Independent UK
Caitlin Doherty

Reeves ‘plots new property tax’ in Budget after income tax U-turn

Rachel Reeves is reportedly set to bring in a new tax on high-value properties in the upcoming Budget after abandoning the plans to hike income tax.

The chancellor could also implement a stealth tax and freeze thresholds for another two years in the measures to be announced on 26 November, according to reports.

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