Hello and welcome to the rest is Manny with me, Robert Pestown.

And with me, Steph McGovern, and I just have to apologise to everyone who is watching this and not just listening in the ears. I'm dressed

like a Yeti because it's absolutely Baltic in the North East. It's full on snow and sleet here

and I'm out in a little pod in my garden freezing my tits off. Oh my God, are we allowed to say that?

Oh yeah. Do you don't look like a Yeti.

You look like a very stylish Yeti.

Look, we're counting down, what is it, seven sleeps or something to the budget, isn't it?

And fewer than that when you're listening to us, I imagine.

Big, big, big economic event, big political event, big event that's going to affect almost all of us in terms of tax rises.

We said in the last podcast that she has ruled out the tax change that most economists said

would be the most important tax change, which is putting up the basic rate of income tax,

almost certainly combining that with a fall in national insurance.

Well, she's not going to go down that

route because she's terrified of the political backlash, but she is going to do a bunch of other

quite significant stuff to the tax system. And we should go through, I think, some of the more

significant measures today, starting with what some people see as her proxy for a wealth tax, which is raising more money

from those who own more expensive houses.

Steph, you've been looking at this.

Talk us through the main options that she's been looking at.

So it's something you and I have discussed a lot on the podcast is how do you get more money from people who have

very valuable homes but don't pay a council tax that reflects that value and that potential wealth

they have. So some of the things on the table that are being talked about. One is for more expensive homes in terms of

...