UK FACT CHECK POLITICS
UK FACT CHECK POLITICS
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STATS From: Budget 2026 live: Latest updates, analysis and fact checks

Property and savings tax rise to raise £4.3bn over five years, Telegraph reports

The two-point rise in tax on property and savings income will raise £4.3bn over the next five years, the Telegraph reports. It is the first reported figure for what the measure brings in.

According to the Telegraph, almost £2bn of that comes from landlords and almost £2.4bn from savers.

The Telegraph also reports the new rates as 24% for basic rate, 44% for higher rate and 49% for additional rate taxpayers. That matches earlier reports from City AM and MoneyWeek.

The Treasury has not confirmed the £4.3bn figure or the rates, and the figures have not been independently checked.

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