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Headlines

UK finance minister Reeves plans tax raid on owners of expensive homes, FT reports

Published by Global Banking and Finance Review

Posted on October 31, 2025

Featured image for article about Headlines

(Reuters) -British finance minister Rachel Reeves is planning a budget tax raid on the owners of expensive homes, with new, higher bands of council tax seen as the best way to raise several billion pounds for the cash-strapped exchequer, the Financial Times reported on Friday.

Reuters could not immediately verify the report.

(Reporting by Mrinmay Dey in Bengaluru; editing by Diane Craft)