UK Wealth Under Siege: Mansion Tax Expansion, Iran-Driven Budget Crunch, and Nscale's $35bn AI Gamble

Chancellor John Healey is weighing plans to lower the mansion tax threshold from £2m to £1.5m, a move that would catch an extra 271,000 properties in the levy. The original policy from Rachel Reeves's 2025 Autumn Budget imposed annual charges of £2,500–£5,000 on homes above £2m. Treasury sources told The Times the proposal is a "live discussion" as Healey scrambles to find £10bn to balance October's books. With the Iran war sending oil prices...