Chancellor Rachel Reeves is weighing plans to scrap capital gains tax exemptions on high-value homes, in a move dubbed a “mansion tax”, to raise billions and plug a £40bn fiscal gap. Property experts warn it could stall sales and hit pensioners downsizing.

Chancellor Rachel Reeves considers a new tax on primary homes over £1.5 million, potentially impacting wealthy homeowners.

Rachel Reeves is currently considering the introduction of a new property tax on high-value properties, with experts warning of its potential ripple effects on pensioners across the UK

A London pub chain applying a 4pc service charge to drinks bought at the bar has blamed Rachel Reeves’s National Insurance raid for the fee.

The Treasury is reportedly looking at major reforms, making it more difficult for wildlife concerns to hold up developments

RACHEL Reeves is reportedly considering cutting the tax-free pension lump sum as she tries to boost public finances. The Chancellor is looking at it among a list of options ahead of her Budget

The warning came after figures showed borrowing to fund day-to-day spending hit £42.8 billion in the first three months of the financial year