Estate agent LRG eyes £800m sale amid spectre of Budget tax raid

Sky NewsSaturday, September 20, 2025 at 6:20:00 AM
Estate agent LRG eyes £800m sale amid spectre of Budget tax raid
LRG, one of the largest estate agency groups in Britain, is preparing for a potential £800 million sale as concerns grow over a possible tax increase on homeowners in the upcoming autumn Budget proposed by Chancellor Rachel Reeves. This situation is significant as it highlights the uncertainty in the real estate market and the potential financial burden on homeowners, which could impact property values and sales.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Rachel Reeves due to appear at gambling lobbyist’s event amid tax review
NegativeFinancial Markets
Rachel Reeves is facing criticism for agreeing to attend an event hosted by a leading gambling lobbyist while the Treasury is reviewing taxes on the £12 billion sector. This timing raises concerns about the appropriateness of her participation, especially as the government considers potential tax increases. The situation highlights the ongoing debate around gambling regulation and the influence of lobbyists in shaping policy, making it a significant issue for both the public and lawmakers.
Want to Buy an RV? Follow These Steps
PositiveFinancial Markets
Thinking about buying an RV? This article provides essential tips to help you find the perfect vehicle that fits your needs and budget. With the rise in popularity of RV travel, knowing how to navigate the buying process can make all the difference in ensuring you make a smart investment.
Is Britain heading for a big debt crisis?
NeutralFinancial Markets
Recent discussions around Britain's financial situation have raised concerns about a potential debt crisis. While some reports paint a dire picture, economist Julian Jessop suggests that the reality may not be as bleak as it seems. This matters because understanding the true state of the economy can help citizens and policymakers make informed decisions about the future.
Highest government borrowing in August for five years
NegativeFinancial Markets
In August, the UK government experienced its highest borrowing levels in five years, which is raising concerns about fiscal management. This unexpected increase puts additional pressure on the chancellor as he prepares for the upcoming Budget, highlighting the challenges the government faces in balancing economic growth with financial stability.
UK borrowing hits five-year high for August at £18bn
NegativeFinancial Markets
UK government borrowing has surged to a five-year high of £18 billion in August, raising concerns about public finances. This significant increase, which is £3.5 billion more than the same month last year, suggests that the government may need to implement tax rises in the upcoming autumn budget. This situation is critical as it reflects the ongoing challenges in managing the country's finances and could impact citizens' wallets in the near future.
Pound slides after UK government borrowing jumps in August and insolvencies rise – business live
NegativeFinancial Markets
The UK is facing significant economic challenges as government borrowing surged to £18 billion in August, marking the highest deficit for that month in five years. This alarming trend, coupled with rising insolvencies, signals tough fiscal decisions ahead for policymakers like Rachel Reeves. The EY ITEM Club warns that these developments could have serious implications for the economy, highlighting the need for strategic planning to address the growing financial pressures.
Britain’s migration crisis
NegativeFinancial Markets
Britain is facing a significant migration crisis, with public concern over immigration reaching unprecedented levels, according to polling by Ipsos. This surge in anxiety highlights the urgent need for effective policies and solutions to address the challenges posed by immigration. As the government grapples with public sentiment, the implications for policy-making and social cohesion are profound, making it a critical issue for the nation.
Budget challenge for Reeves gets even bigger as borrowing surges
NegativeFinancial Markets
The budget challenge for Reeves has intensified as borrowing levels surge, raising concerns about fiscal sustainability. This situation is significant because it highlights the growing financial pressures on the government, which could lead to difficult decisions regarding spending and investment in public services.
NatWest in talks to sell workplace pensions provider Cushon
NeutralFinancial Markets
NatWest Group is currently in discussions to sell Cushon, a workplace pensions provider it purchased just two years ago. This move comes as the bank's CEO aims to realign the institution's focus on its primary strategic goals. The decision highlights the ongoing shifts within the banking sector as institutions reassess their portfolios and prioritize core operations.
Tax rises expected as government borrowing highest in five years - official figures
NegativeFinancial Markets
Recent official figures reveal that government borrowing has reached its highest level in five years, presenting a significant challenge for Chancellor Rachel Reeves. This increase in borrowing could lead to potential tax rises, impacting households and businesses alike. Understanding these financial trends is crucial as they may shape economic policies and affect everyday life.
Putin signals tax hikes to close Russia’s budget gap
NegativeFinancial Markets
In a recent announcement, President Putin indicated that Russia may implement tax hikes to address the growing budget deficit. This move is significant as it reflects the government's struggle to balance its finances amid economic challenges. The potential increase in taxes could impact citizens and businesses alike, raising concerns about the overall economic climate in the country.
Bank’s interest rate vote and bond plans are little help to Reeves before budget
NegativeFinancial Markets
The Bank of England's recent decision to hold borrowing rates steady and continue bond sell-offs has left Rachel Reeves, the shadow chancellor, in a challenging position as she prepares for a difficult autumn budget. While the bank's approach is described as 'gradual' and 'predictable', many believe that a more proactive stance could have provided the support Reeves needs to navigate the upcoming financial landscape. This situation highlights the ongoing tension between monetary policy and fiscal planning, making it a crucial moment for the UK economy.
Latest from Financial Markets
Fishnets, Tattoos, Attitude: Lauren Sanderson On The Art of Character
PositiveFinancial Markets
Lauren Sanderson is redefining the intersection of fashion and music with her bold style choices, from fishnets to tattoos. Her unique approach not only enhances her artistic expression but also challenges traditional norms in the music industry. This matters because it encourages other artists to embrace their individuality and use fashion as a powerful tool for storytelling.
’Fast and furious’: H-1B workers abroad race to US as Trump order sparks dismay, confusion
NegativeFinancial Markets
The recent order by former President Trump regarding H-1B visas has left many foreign workers in a state of dismay and confusion as they rush to secure their positions in the U.S. This situation highlights the ongoing challenges and uncertainties surrounding immigration policies, which can significantly impact the workforce and economy. The urgency felt by these workers underscores the importance of stable immigration processes for both individuals and the industries that rely on their expertise.
Red flags: how to avoid falling victim to a ‘money mule’ scam
NegativeFinancial Markets
The article highlights the dangers of money mule scams, where individuals unknowingly facilitate the transfer of illicit funds. It emphasizes that even if someone is unaware, receiving and passing on such money can lead to serious legal and financial repercussions. This issue is crucial as it raises awareness about the tactics scammers use to exploit unsuspecting individuals, urging readers to be vigilant and protect themselves from potential fraud.
5 things to know about Friday's market
PositiveFinancial Markets
Friday's market is buzzing with excitement as bulls take charge, signaling a positive shift for investors. This surge in enthusiasm is crucial as it reflects growing confidence in the economy, potentially leading to increased investments and market stability. Understanding these trends can help investors make informed decisions and capitalize on the momentum.
Arc’teryx Fireworks in Tibet Trigger Backlash, Government Probe
NegativeFinancial Markets
A recent fireworks display in Tibet, sponsored by outdoor gear brand Arc'teryx, has ignited significant backlash on social media, prompting Chinese authorities to launch an investigation. The public's concern centers around the environmental impact of such events in sensitive areas like Tibet. This situation highlights the ongoing tension between commercial interests and environmental preservation, raising questions about corporate responsibility and the need for sustainable practices.
US new H-1B visa fee will not apply to existing holders, White House says
PositiveFinancial Markets
The White House has announced that the new fee for H-1B visas will not affect current holders, providing relief to many skilled workers in the U.S. This decision is significant as it ensures that existing visa holders can continue their employment without the burden of additional costs, fostering stability in the workforce and supporting the economy.