Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.

Over 96% of Investors Expect Tax Rises Under Burnham, Poll Finds

A new poll by Wealth Club has found that more than 96% of investors expect Andy Burnham to raise taxes over the next year. The survey, carried out this month, shows that almost 53% of investors believe taxes will definitely rise, while more than 43% say they will probably increase over the next 12 months if Burnham becomes Prime Minister.

Burnham’s bid to become Prime Minister is supported by 349 out of Labour’s 403 MPs, making it mathematically impossible for any rival to succeed. He is set to be confirmed as the new leader on 20 July.

The poll also reveals that nearly 45% of investors now see higher taxes as the greatest risk to their wealth. In comparison, only 3.5% cite inflation and the same proportion identify market volatility as their main concern.

These findings indicate a significant shift in investor sentiment, with taxation now seen as a bigger risk than other economic issues that have previously dominated headlines.

For UK letting agents and inventory clerks, the expectation of higher taxes under a new Prime Minister may influence investor behaviour and decision-making in the property sector. The survey results suggest that taxation is now a primary concern for investors, which could have implications for property investment and lettings activity in the coming year.