Rachel Reeves eyes hitting landlords with tax hike before autumn budget

Rachel Reeves eyes hitting landlords with tax hike before autumn budget

The Treasury is reportedly weighing up a tax hike on landlords by slapping national insurance on rental income before Rachel Reeves' autumn budget.

Officials are said to be examining proposals to boost a levy on property earnings in the hope of generating £2 billion as the Chancellor hunts for ways to raise funds amid stark warnings about the condition of the public finances.

The proposal is receiving support from some Labour MPs and Government advisers, with certain advocates arguing that landlords were viewed as a means of targeting "unearned revenue", The Times reported.

Employee national insurance contributions (NICs) on other earnings currently sit at 8%, but fall to 2% above a £50,270 threshold.

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