Tax rises of about £38bn in the Budget on 26th November, mostly for households and potentially on property, would be a headwind for housing activity and prices, particularly at the top end of the housing market and for the most expensive UK regions. A tax on landlords may further tighten the supply of rental properties relative to demand and support rents.
We’ll be discussing what to expect in the Budget in a special in-person roundtable event on Wednesday 12th November at our London office (register here) and what happened in a 20-minute online briefing at 3pm GMT on Wednesday 26th November (register here).
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