MY PREDICTION FOR AUTUMN BUDGET

🚨 4 New Taxes Likely Coming in the Autumn Budget (and who’ll really pay them)

Labour say they’ve inherited a £30 billion “black hole” in the public finances, so where’s the money going to come from?

Here’s what’s being talked about (and what I actually think will happen) 👇

1️⃣ National Insurance on Rental Income

Treasury advisors are seriously considering this.

Right now, rental income isn’t subject to NI, but the argument is simple, “why should someone earning £50k in rent pay less NI than someone earning £50k in wages?”

Landlords already get punished by Section 24, taxed on turnover not profit. Add NI on top and rents will rise or landlords will sell up.

Short-term gain, long-term pain.

2️⃣ Stamp Duty Replaced with an Annual Property Levy

Not a council tax replacement, but an annual property tax, around 0.5% of your home’s value.

Sounds fine until you realise you’ll pay more over time if you stay put.

And for landlords? You’ll still pay stamp duty and the new annual levy.

Who really pays? Renters. Costs get passed straight down.

3️⃣ VAT Threshold Cut

Talks of slashing the VAT threshold from £90,000 to £30,000.

That means thousands more small businesses dragged into the VAT net.

It’s red tape, less profit, and more pressure on entrepreneurs.

4️⃣ Mansion Tax on £2 Million+ Properties

A 0.5% annual tax on high-value homes, that’s £12,500 a year on a £2.5m house.

Sounds like it hits the rich, but in reality it punishes retirees who bought decades ago and are asset-rich but cash-poor.

🔍 My Take

All four of these ideas have one thing in common, they don’t grow the economy, they just squeeze the people already producing.

You can’t tax your way to prosperity.

Back in 2008, Labour cut VAT to get people spending again. That’s the kind of thinking we need now.

👉 Click the link in bio and I’ll send you my free training on how to protect and grow your wealth no matter what taxes come in.

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