Labour’s latest proposals on property taxation have sparked fresh debate, with reports suggesting that Chancellor Rachel Reeves is weighing up the idea of introducing a levy on profits
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Barclays Lowers Mortgage Rates Amid Inflation
Barclays has reduced its mortgage rates this week, even as a number of rival lenders have either raised theirs or kept them unchanged. The move comes after an
Labour’s Tax Raid and the Property Market
Britain’s housing market remains delicate, and much of its stability has been supported by the so-called Bank of Mum and Dad. However, this lifeline for many first-time buyers
Inflation Data and Its Impact on BoE Interest Rates
UK inflation rose more than expected in July, with rising food prices and higher airfares being the main contributors. This unexpected jump has raised fresh doubts about whether
UK Property Prices Jump 3.7% in June
The average cost of a home in the UK has climbed to £269,000, according to newly published figures, marking a 3.7% rise over the past year. This increase
UK Inflation Hits 18-Month High
Consumer price inflation rose to 3.8% in July, up from 3.6% in June, driven largely by rising food and transport costs. According to figures from the Office for
Reeves’ Homes Levy ‘Tax on Families’
Labour’s proposal to introduce a new levy on homes worth more than £500,000 has been met with strong criticism, with many branding it a “tax on ordinary Londoners”.
Labour Council Doubles Landlord Fees
A Labour-run council is facing backlash after proposing a sharp rise in landlord licence fees, almost doubling the charge compared to its previous pilot scheme. Under the earlier
Landlord Purchases Slump Over Bill
The UK’s buy-to-let market has seen a sharp decline in landlord activity, with the number of property purchases dropping significantly over the past year. According to new analysis,
Rent or Buy as Rates Fall? Readers Weigh In
Earlier this week, we asked readers whether they thought it was better to rent or buy in today’s housing market. The discussion followed the Bank of England’s latest