Rachel Reeves plans Budget tax raid on expensive homes in England
UK chancellor predicted to plump for ‘least worst option’ of creating higher council tax bands
UK chancellor predicted to plump for ‘least worst option’ of creating higher council tax bands

Labour MPs warn chancellor that a possible £1.5mn threshold for the new levy would be too low

Rachel Reeves unveils increase in property income tax as well as ‘mansion tax’ on expensive homes

People close to the UK chancellor say she has begun drawing up a list of measures she may tighten in the autumn

Chancellor under pressure from some Labour MPs to raise levies on business this week

Burden to reach 38% of GDP by end of parliament

Chancellor acknowledges lenders already pay high levels of tax by international standards