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Badenoch accuses Reeves of cowardice over stealth tax plan
Reports of Budget plans including a property surcharge and £15 billion welfare rise are causing market and consumer uncertainty, says Bank of England economist Andy Haldane.
- National newspapers have reported front-page coverage by The Daily Telegraph and The Times outlining a so-called 'stealth' tax plan tied to the upcoming Budget.
- In recent weeks, Bank of England chief economist Andy Haldane said the flurry of reports has caused 'paralysis among businesses and consumers'.
- Reports say Chancellor Rachel Reeves will keep the tax-free allowance frozen until 2030 and The Daily Telegraph reports the Budget will include £15bn in extra welfare spending, scrapping the two-child benefit cap.
- A proposed property surcharge would hit more than 100,000 of Britain's most expensive properties with a surcharge averaging £4,500, targeting high-value housing.
- The Treasury is now looking at a £2 million threshold for the property tax after concerns it could hit 'asset rich but cash poor' homeowners, adjusting from the initial £1.5 million threshold.
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7 Articles
Coverage Details
Total News Sources7
Leaning Left2Leaning Right3Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
Factuality
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