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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Shadow Environment Secretary Victoria Atkins criticises Labour's time in office so far as she calls for the party's MPs to join her in a vote to axe the family fam tax proposed as part of Rachel Reeves' budget.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Chancellor has pledged “proper support” for the car industry as the Government phases out new petrol and diesel vehicle sales by 2030. Rachel Reeves confirmed a consultation is underway to review inherited plans, including potential fines for firms not meeting electric vehicle sales targets. She emphasised the need to balance the transition with maintaining investment and jobs in Britain, ensuring the automotive sector thrives during the shift to electric vehicles. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves said she would study proposals for assisted dying in the coming days, and believed there was enough time for scrutiny of the legislation. She said: “Like all MPs, I need to study the Bill ahead of Friday. It is a big decision, with wide-ranging consequences and so I will be doing that in the next couple of days. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Britain's biggest airports are joining the growing private sector backlash against Rachel Reeves's budget, warning that a ÂŁ1bn business rates bill for the.. Sky News
The chancellor has defended her Autumn Budget, calling it a "robust fiscal framework" that delivers "stability", despite an adverse market reaction that included a jump in the cost of government borrowing. Rachel Reeves adds that the International Monetary Fund has given her Budget "a clean bill of health". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Sir Keir Starmer arrives at the annual Lord Mayor's Banquet at the Guildhall in central London. He will later deliver a speech, and will say “Britain is back” on the world stage, and will be a “trusted ally in uncertain times”, Downing Street indicated. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Palliative care doctor Dr Rachel Clarke has criticised MPs' decision to back assisted dying legislation in England and Wales. She accused the government of neglecting care funding, saying it prioritises making death easier over improving lives. Clarke called the move shameful, arguing that the lack of investment in care services undermines the dignity and quality of life for those in need. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Support for the “vital and precious” institution of the NHS will be at the heart of the upcoming Scottish Budget, John Swinney has said. The First Minister visited Forth Valley Royal Hospital in Larbert where he met staff and toured the ambulatory care centre. He said the NHS will be “right at the heart” of the Scottish Budget, which will be published by Finance Secretary Shona Robison on Wednesday. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
TV presenter Gregg Wallace has apologised after dismissing complaints about his behaviour as coming from “a handful of middle-class women of a certain age”. Facing allegations including “inappropriate sexual jokes”, the MasterChef star posted an apology video on Instagram. Labour MP Dr Rupa Huq, who sits on the Culture, Media and Sport committee welcomed the apology but urged the BBC to address the issue, stating, “bad behaviour shouldn’t continue unchecked.” 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 admits up to 7,000 buildings with unsafe materials remain unidentified. Under a new plan, all high-rises over 18m with dangerous cladding will be fixed by 2029. Shadow Paymaster General Richard Holden criticised the timeline, calling five years "a very, very long time" and urging faster action, particularly against those involved in illegal practices before Grenfell. Report by Covellm. 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 ÂŁ1 million have sparked..
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