A NEW tax could be slapped on foreign millionaires who own posh homes in the UK while living overseas, under plans being pushed by some in Cabinet.
Senior ministers backing the levy say it could raise billions to help plug the massive blackhole in our finances.
Rishi Sunak and Chancellor Jeremy Hunt are trying to find £50billion of spending cuts and tax hikes.
Experts warned the sheer scale of the cuts needed will plunge the nation into “austerity mark two”.
The Sun on Sunday understands that proposals to increase benefits in line with wages rather than the higher rate of inflation are being seriously considered.