# @bbcnews on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DRhjHT1DI1h
- **Gondola URL:** https://gondola.cc/posts/37304796-bbcnews-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/8a6453540b.jpg
- **Posted:** 2025-11-26T15:11:09.000+00:00
- **Account Owner:** BBC News (@bbcnews) — https://gondola.cc/bbcnews

## Caption

UK Chancellor Rachel Reeves has revealed a “mansion tax” in England as part of her Budget. 
 
Four price bands will be introduced, rising from £2,500 for a property valued between £2m to £2.5m, to £7,500 for a property valued at £5m or more.
 
Reeves said this will be levied on owners and collected alongside council tax.
 
She says that this new surcharge will raise £400m by 2031 and will be charged on fewer than the top 1% of properties.
 
Tap the link in BBCNews’s bio to find out how this year’s Budget will impact you.
 
#UKBudget #BBCNews

## Stats

- **Views:** 187,243
- **Likes:** 8,114
- **Shares:** 0
- **Comments:** 1,065

## Tags

ukbudget, bbcnews

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