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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Prime Minister Sir Keir Starmer, Chancellor Rachel Reeves and Business Secretary Jonathan Reynolds visit a business in Nuneaton to promote the government’s new industrial strategy Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves doesn’t say whether the UK believes strikes by the US on Iran were legal. The Chancellor tells broadcasters during a visit in the West Midlands: "It is up to the US to make that case. We were not involved in these actions and, of course, we would never comment on the legal advice that the government receives." Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Following the Bank of England’s decision to leave UK interest rates at 4.25%, Rachel Reeves says the government respects the Bank's decision. Speaking at the Times CEO Summit in central London, the Chancellor says, "we respect independent economic institutions, and the Bank has got an incredibly important but difficult job to do”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves says it is "disappointing" to have a month of "bad data", as the latest figures show the UK economy shrunk by 0.3% in April, a figure higher than expected. But the chancellor says U.S. trade tariffs have had an impact. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The King took part in the Ceremony of the Keys in Edinburgh on Tuesday morning to celebrate the beginning of Royal Week in Scotland. The ceremony is the first of several engagements His Majesty is set to attend along with other members of the Royal Family. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ministers arrive for a cabinet meeting at Number 10. It comes ahead of a vote to reform the welfare system in the House of Commons Tuesday. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Helen Whately has revealed the Conservatives will oppose the bill on welfare changes on Tuesday evening. The shadow work and pensions secretary said the legislation is "rushed" and "doesn't fix the problem of the welfare system".
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The government has launched a review into parental leave as the current system has been criticised. Business Secretary Jonathan Reynolds said the Government will look at the whole system, including maternity leave and paternity leave, to see how it can be improved.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Trevor McDonald has paid tribute to his former colleague Sandy Gall following his death aged 97. The former News At Ten presenter said Sandy was "one of the most brilliant journalists I've ever known" and "gave ITN and News at Ten its credibility".
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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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