Overview
- Reports say the Chancellor will extend the freeze on income tax thresholds to 2030, raising about £8bn a year and pushing higher‑rate taxpayers to roughly 10.1 million.
- The Treasury is said to be preparing to revalue about 2.4 million Band F–H homes and apply a separate surcharge to around 300,000 of the most valuable properties, with implementation unlikely before 2028.
- The property plan would fall most on London and the South East, with many Band F households facing hundreds of pounds extra and some top‑band homes paying thousands.
- Officials are exploring a smorgasbord of smaller revenue measures, including limits on salary sacrifice schemes and new charges for electric vehicles, with the Budget set for 26 November.
- Separately, the IPPR has proposed raising council tax by 50% on Bands F and G and 100% on Band H to raise about £3.9bn and fund cuts for most lower‑band households.