
Rachel Reeves hikes stamp duty – but chancellor warned renters will pay price
The IndependentSign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rachel Reeves has been warned her decision to hike stamp duty for second home-buyers will punish renters as well as landlords. At Wednesday’s Budget the chancellor announced that second-home buyers will face an increase of 2 percentage points to the stamp duty land tax surcharge, taking the additional tax to 5 per cent. Follow live coverage of Rachel Reeves’ historic Budget Paul Johnson, director of the Institute for Fiscal Studies, said he “despairs” over the policy, warning that “those looking to rent will pay part of the cost”. Speaking in the Commons, Ms Reeves said: “In our manifesto, we committed to reforming stamp duty land tax to raise revenue while supporting those buying their first home.
History of this topic

Brace yourselves: Taxes are heading for a record high - and there's every chance that they will be going up even higher
Daily Mail
Rachel Reeves has six months to save her job: Rattled Labour MPs issue stark warning to Chancellor as unease over her £15bn plan to slash state spending intensifies
Daily Mail
Reeves to water down tax raid on non-doms amid exodus of millionaires
The Independent
Rachel Reeves is accused of 'outright falsehood' after claiming she protected 'working people' by not hiking their NI in her Budget
Daily Mail
Labour tax U-turn? Rachel Reeves refuses to rule out more rises despite CBI pledge
The Independent
How much extra landlords will have to pay under Rachel Reeves's new tax double-whammy - and the regions that will be hardest hit
Daily Mail
Job losses and price hikes inevitable, warn UK’s biggest firms in stark message to Rachel Reeves over Budget
The Independent
Reeves accused of business ‘betrayal’ as top bank warns over tax hikes
The Independent
Asda chief lashes out at Reeves’s ‘very, very damaging’ Budget
The Telegraph
Treasury denies breaking law over ‘black hole’ in public finances
The Independent
How the ‘tractor tax’ became a problem for Rachel Reeves
The Independent
Chancellor: I was ‘wrong’ on taxes during election
The Independent
Rachel Reeves admits she was 'wrong' to say taxes would not have to rise during election campaign after massive Budget raid... as poll finds four in 10 Brits believe package WILL hit their own pockets
Daily Mail
How to beat Rachel Reeves' buy-to-let crackdown - the little-known tax reliefs to maximise your returns
Daily Mail
Rachel Reeves and her husband 'are making £74,000 a year in rental income from two properties' - despite hammering landlords in tax bomb Budget
Daily Mail
Taxes 'are going to be high for 10 years'... and Rachel Reeves may have to come back for more, warns think-tank
Daily Mail
Rachel Reeves admits tax hikes will hit working people as IFS accuses chancellor of ‘undermining trust’
The Independent
DAILY MAIL COMMENT: This was a painful budget - with worse to come
Daily Mail
Labour's tax bomb leaves Britons £300 worse off: UK faces highest tax burden ever, businesses are battered by the Budget, wages will fall and inflation will rise
Daily Mail
Reeves uses first Budget to hike taxes, increase...
Daily Mail
Reeves uses first Budget to hike taxes, increase borrowing and boost spending
The Independent
Rishi's rage! Furious Tories lash out at Rachel Reeves' Budget for 'fiddling the figures' and accuse Labour of lying to voters at the election after seismic £40billion tax raid
Daily Mail
Rachel Reeves drops £40BILLION 'tax bomb' in Budget: Chancellor hammers firms with £25bn NICs hike as she targets inheritances and landlords in one of biggest EVER raids - but blames the Tories
Daily Mail
Reeves: Budget tax raid not enough to fix NHS
The Telegraph
No tax hike on payslips, vows minister amid confusion over definition of ‘working people’
The Independent
Tax on high earners ruled out as Rachel Reeves looks to plug £40bn Budget black hole
The Independent
Now high earners are in Labour's tax crosshairs: Minister refuses to say if pledge not to hammer 'working people' includes the better paid - with fears 'stealth' raid will drag another 600,000 into hi
Daily Mail
Here comes the Budget pain! From a 'tax on jobs' to raiding your pension pot and freezing thresholds AGAIN - how Rachel Reeves could hammer Brits to fill £40bn 'black hole' in the books
Daily Mail
Reeves tax raid risks £84bn black hole in public finances, say Truss-backed economists
The Telegraph
Rachel Reeves set to keep income tax thresholds frozen... But claims it's NOT a manifesto breach because it's not an increase!
Daily Mail
Rachel Reeves to hammer families in Budget by 'cutting inheritance tax and stamp duty relief' while upping fuel duty to help fill Treasury coffers (and vaping will cost more too)
Daily Mail
Hundreds of business owners threaten to leave UK in event of Reeves tax raid
The Telegraph
Reeves accused of hypocrisy after admitting NI raid would hit workers’ pay
The Telegraph
The proof Reeves will be unable to squeeze the rich
The Telegraph
Rachel Reeves calls off pension tax relief raid amid warnings it would impact public sector workers
Daily Mail
Rachel Reeves could scrap non-dom tax raid, reports suggest
The Independent
Reeves declines to rule out inheritance tax hike amid ‘painful’ Budget warning
The Independent
Rachel Reeves confirms taxes will rise in her first budget in October
The Independent
Key takeaways from Rachel Reeves speech in the Commons
The Independent
Labour's tax trick: Rachel Reeves will unveil doomsday claim about £20bn hole in public finances TODAY as she slashes road projects and paves the way to hike the burden on Brits - but will still sign
Daily Mail
Rachel Reeves set to unveil £20bn black hole in public finances
The Independent
Chancellor Rachel Reeves is expected to reveal £20billion hole in UK's public finances - intensifying fears that hefty Labour tax hikes are on the way
Daily Mail
Labour would have to raise taxes to fill immediate £2bn black hole, Tories claim
The Telegraph
Rachel Reeves is accused of plotting a £20BILLION tax raid on pensions after denying Labour would increase VAT
Daily Mail
ALEX BRUMMER: Reeves will have to turn to wealth taxes to plug the £30bn black hole
Daily Mail
Rachel Reeves hints that people WILL pay more income tax if Labour wins the election as she refuses to commit to unfreezing thresholds dragging workers into higher rates - as she accuses Tories of 'ga
Daily Mail
Reeves refuses to use £28bn figure while defending Labour green plan
The Telegraph
Rachel Reeves hints at tax raid on the wealthy to 'rebuild Britain' in Labour conference speech as she is endorsed by Brexit critic former Bank of England governor Mark Carney (but doesn't mention inf
Daily Mail
Rachel Reeves vows to target £174bn of tax reliefs and replace business rates
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