Newspapers claim that Chancellor Rachel Reeves and her partner reportedly receive £74,000 a year from two rental properties.

Both the Daily Telegraph and Daily Mail ran stories over the weekend alleging that Reeve’s and her partner Nicholas Joicey let out their four-bedroom home in south London for around £3,200 a month, having moved into 11 Downing Street.

The papers say Joicey is also believed to have let a two-bed flat in central London, with a market rental of nearly £3,000 a month.

In last week’s Budget Reeves announced that stamp duty on additional homes such as buy to lets would rise – overnight – from 3% to 5%.

The move has been widely criticised in the rental industry for deterring new landlords – and indirectly boosting income for existing landlords as supply shortages lead to higher rents.

You can see the Daily Mail story here: https://www.dailymail.co.uk/news/article-14032613/rachel-reeves-74k-properties-landlords-tax-budget.html