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The Independent UK
The Independent UK
Albert Toth

What is a ‘mansion tax’ and how would it work?

Rachel Reeves will deliver Labour’s autumn Budget today, revealing if the Treasury has gone ahead with proposals to shake up property tax in the UK. Many methods to do this were floated ahead of the event, including a controversial new levy on high-value properties.

Chancellor Rachel Reeves may need to find at least £22bn at today’s fiscal event, researchers from the Institute for Fiscal Studies (IFS) recently warned, as weak growth forecasts have reduced her room for manoeuvre.

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