Reeves: Most farmers won't pay more in inheritance tax
Video Credit: ODN - Duration: 00:41s - Published
Reeves: Most farmers won't pay more in inheritance tax
Rachel Reeves says she is raising money in a "fair and balanced way", after receiving backlash from farmers over a new inheritance tax charge announced in her Autumn Budget.
The chancellor closed a loophole to stop rich people investing in land to reduce their inheritance tax bills, penalising them with a new million pound tax threshold.
But Reeves tells Channel 4 News, "73 percent of farmers will not be paying a penny more".
Report by Brooksl.
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Rachel Reeves told the GMB Congress Labour is “investing in the biggest roll out of nuclear power in a generation,” announcing £14.2 billion for Sizewell C. She said energy security is “national security” and confirmed support for small modular reactors and fusion. The Sizewell project will power six million homes and create 10,000 jobs, including 1,500 apprenticeships. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Government has pledged £5 million for a renovation project in memory of the three young girls murdered in Southport. Sir Keir Starmer and Angela Rayner met the parents of Elsie Dot Stancombe, Alice da Silva Aguiar and Bebe King in Downing Street on Tuesday. The Town Hall gardens in Southport will be renovated in their memory, a project the families have said is “rooted in love, resilience and unity”. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer says a stabilised economy has allowed the government to reinstate most winter fuel payments. Nine million pensioners in England and Wales will now receive support this winter after a £1.25bn U-turn. The Prime Minister denied the move was a response to backlash, insisting it followed a reassessment of the country’s financial position. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Emperor penguins, the largest of their kind, are facing a growing threat as shrinking sea ice puts their future at risk. The birds rely on stable ice for up to eight months to raise their chicks, but as the Southern Ocean warms, that vital platform is melting too quickly. Scientists are alarmed by satellite data, which shows a sharp decline in colony numbers, with some areas disappearing twice as fast as predicted just seven years ago. Storms, changing weather and predators like orca whales are also contributing to their decline. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Marks & Spencer has partially restored online shopping after a ransomware attack in April. A limited range of fashion items are now available for delivery in parts of the UK. Cyber expert Graham Cluely says rebuilding systems takes time and security checks are crucial to ensure hackers are gone. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
King Charles received a huge applause as he arrived at Lancaster Castle on Monday. His Majesty met with local business representatives and attended a reception with a wide range of community organisations during the visit.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Thousands of farmers descended on Westminster on Tuesday to protest against the inheritance tax changes for farming businesses introduced in last month’s Budget. The changes mean inheritance tax of..
MPs including shadow environment secretary Victoria Atkins, shadow foreign secretary Priti Patel and Tory party leader Kemi Badenoch have turned out in Westminster to offer their support to the farmers..
Environment secretary Steve Reed has insisted "only around 500 farms will be affected" by the new family farm tax. The plans to impose inheritance tax on farms worth more than £1 million have sparked..
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