Britain announced a new annual tax on homes worth more than 2 million pounds ($2.63 million), expected to raise 0.4 billion in 2029-30, according to estimates from the country’s budget watchdog published on Wednesday ahead of the finance minister’s budget statement.
The new surcharge will come into force in April 2028.
The OBR said owners of homes valued at over 2 million by the Valuation Office, in 2026 prices, will
