Overview
- IPPR proposes 50% increases on bands F and G and a 100% rise for band H, affecting roughly the top tenth of homes.
- About £1 billion of the revenue would reduce bills for bands A–D, averaging £45 off for around 80% of households.
- The package includes raising the non‑resident buyer surcharge on UK homes from 2% to 6% to deter speculative demand.
- The report cites outdated 1991 and 2003 valuations and urges a full revaluation this Parliament to move toward a proportional property tax.
- The government has not committed to the plan, with HM Treasury issuing a general statement about Budget priorities.