Chancellor Eyes Up Mansion Tax as She Takes Aim at Middle Class
26th October 2025
Rachel Reeves is reported to be looking to introduce a new mansion tax in next month’s Budget.
Owners of properties worth £2m and above could face a charge of 1 per cent of the amount by which the property exceeds that value, under the proposals.
Meanwhile, owners of a £3m property will face a bill of £10,000 every year, according to the Mail on Sunday.
People who own homes worth tens of millions and second home owners would also pay higher rates.
The great slogan of the Left is “TAX THE RICH!”, but the problem is that The Rich don’t have enough money to fund the modern welfare state. So: The modern state has to tax the middle class (and sometimes even the ‘working’ class) and print more paper money to fund all of the spending that they like to do.