£2 million homeowner vs James O’Brien | LBC
November 25, 2025
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16:04Now Playing£2 million homeowner vs James O’Brien | LBC
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as posted by the channelThe owners of Britain’s most expensive properties are expected to be hit with a tax worth an average of £4,500.
In an attempt to balance the books, reports suggest the Chancellor will increase the threshold for this property tax, raising it from £1.5 million to £2 million.
In doing so, Rachel Reeves hopes to raise between £400 million and £450 million, which will be collected through council tax bills.
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#jamesobrien #mansion #tax #budget #ukpolitics #debate #rachelreeves #housing #property #taxes #LBC
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