Rachel Reeves hikes stamp duty – but chancellor warned renters will pay price
4 months, 3 weeks ago

Rachel Reeves hikes stamp duty – but chancellor warned renters will pay price

The Independent  

Sign 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
1 day, 7 hours ago
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
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5 days, 6 hours ago
Reeves to water down tax raid on non-doms amid exodus of millionaires
2 months ago
Rachel Reeves is accused of 'outright falsehood' after claiming she protected 'working people' by not hiking their NI in her Budget
3 months, 1 week ago
Labour tax U-turn? Rachel Reeves refuses to rule out more rises despite CBI pledge
3 months, 3 weeks ago
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4 months ago
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4 months, 1 week ago
Reeves accused of business ‘betrayal’ as top bank warns over tax hikes
4 months, 2 weeks ago
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4 months, 2 weeks ago
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4 months, 3 weeks ago
How the ‘tractor tax’ became a problem for Rachel Reeves
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4 months, 3 weeks ago
Chancellor: I was ‘wrong’ on taxes during election
4 months, 3 weeks ago
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
4 months, 3 weeks ago
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4 months, 3 weeks ago
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4 months, 3 weeks ago
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4 months, 3 weeks ago
Rachel Reeves admits tax hikes will hit working people as IFS accuses chancellor of ‘undermining trust’
4 months, 3 weeks ago
DAILY MAIL COMMENT: This was a painful budget - with worse to come
4 months, 4 weeks ago
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
4 months, 3 weeks ago
Reeves uses first Budget to hike taxes, increase...
4 months, 3 weeks ago
Reeves uses first Budget to hike taxes, increase borrowing and boost spending
4 months, 3 weeks ago
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
4 months, 3 weeks ago
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
4 months, 3 weeks ago
Reeves: Budget tax raid not enough to fix NHS
5 months ago
No tax hike on payslips, vows minister amid confusion over definition of ‘working people’
5 months ago
Tax on high earners ruled out as Rachel Reeves looks to plug £40bn Budget black hole
5 months ago
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
5 months ago
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
5 months ago
Reeves tax raid risks £84bn black hole in public finances, say Truss-backed economists
5 months, 1 week ago
Rachel Reeves set to keep income tax thresholds frozen... But claims it's NOT a manifesto breach because it's not an increase!
5 months, 1 week ago
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)
5 months, 1 week ago
Hundreds of business owners threaten to leave UK in event of Reeves tax raid
5 months, 1 week ago
Reeves accused of hypocrisy after admitting NI raid would hit workers’ pay
5 months, 1 week ago
The proof Reeves will be unable to squeeze the rich
5 months, 2 weeks ago
Rachel Reeves calls off pension tax relief raid amid warnings it would impact public sector workers
5 months, 3 weeks ago
Rachel Reeves could scrap non-dom tax raid, reports suggest
6 months ago
Reeves declines to rule out inheritance tax hike amid ‘painful’ Budget warning
6 months, 3 weeks ago
Rachel Reeves confirms taxes will rise in her first budget in October
7 months, 3 weeks ago
Key takeaways from Rachel Reeves speech in the Commons
7 months, 3 weeks ago
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
7 months, 3 weeks ago
Rachel Reeves set to unveil £20bn black hole in public finances
8 months ago
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
8 months ago
Labour would have to raise taxes to fill immediate £2bn black hole, Tories claim
9 months ago
Rachel Reeves is accused of plotting a £20BILLION tax raid on pensions after denying Labour would increase VAT
9 months, 4 weeks ago
ALEX BRUMMER: Reeves will have to turn to wealth taxes to plug the £30bn black hole
10 months ago
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
10 months, 2 weeks ago
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1 year, 1 month ago
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1 year, 5 months ago
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3 years, 6 months ago

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