Labour MPs have lined up calling for Rachel Reeves to overhaul council tax and scrap stamp duty as part of a major shake-up of property taxation ahead of the Budget .

The Chancellor is under pressure to raise taxes and cut spending ahead of her “make or break” Budget next month as she seeks to rebalance the country’s finances.

But MPs on her own back benches are demanding she introduce major reforms to both council tax and stamp duty and replace it with a single “proportional property tax” that would lead to significant falls in council tax bills in large parts of the country. New Feature

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The Treasury is understood to be considering changes to how property is taxed in England and Wales, with a new levy on the sale of h

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