Overview

• The Times reported that applying national insurance to landlords’ rental income is under consideration ahead of the autumn budget.
• Analysis cited in the coverage estimated an 8% levy on net property income would have generated about £2.18 billion in 2022–23.
• The Treasury declined to confirm the reports and reiterated its pledge not to raise income tax, employee national insurance or VAT on working people.
• Allies of Rachel Reeves argue the move would broaden the tax base without increasing rates, with some Labour MPs and aides favouring a focus on so‑called unearned income.
• NIESR has flagged a roughly £41 billion gap under the fiscal rules, as debate continues between economists and housing groups over fairness and potential effects on rents and supply.