Does Taxing Second-Home Owners Ever Make Sense?
Tourist hotspots in the UK are increasingly raising council tax on non-residents. Will it help or hurt?
Should your sea view be liable to extra tax?
Photographer: Ian Forsyth/BloombergWelcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
Our new chancellor, Rachel Reeves, will be laying it on thick this afternoon about the state of the UK economy. Expect much chin-stroking, head-shaking, and sighs of “what muppet did that to your debt-to-GDP ratio?” How might she plan to “fix” things? Rather than speculate today, we’ll wait and hear what she has to say and then get stuck into it tomorrow.