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.
Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Andrew Bowie has branded Sir Keir Starmerās reshuffle āthe shuffling of deck chairs on this Titanic of a governmentā. The Shadow Scotland Secretary said the Prime Minister had āno confidenceā in Chancellor Rachel Reeves, accusing him of creating a new role for Darren Jones to tighten his grip on economic policy. Bowie said Labour is āfailing on all frontsā. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves refuses to be drawn on tax plans ahead of the autumn budget but insists her ākey focusā is to āboost productivity and growthā. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves welcomes the latest ONS GDP figures which show the UK economy grew by 0.3% between April and June, describing them as āencouraging numbersā. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor of the Exchequer Rachel Reeves arrives at Stormont for talks with Northern Ireland Deputy First Minister Emma Little-Pengelly and Finance Minister John O'Dowd.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves shares positive news from the labour market data released today, noting 384,000 more jobs since she took office despite a slight unemployment increase. She acknowledges more work is needed to get everyone who can work back into employment.
Report by Etemadil. 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 says the autumn budget will "build on what we've done" by focusing on "living standards" and "making sure that people feel better off". Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Cabinet ministers have gathered at Downing Street for their first meeting with Sir Keir Starmer since Parliament returned from its summer recess. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Home Secretary Yvette Cooper said the government will crack down on international students applying for asylum after their visas expire. She said around 15,000 students do so each year āeven though nothing has changedā in their home countries. Cooper said genuine refugees will be supported, but the asylum system must not be āmisused by students who simply want to stay for longerā. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Scotland Secretary Andrew Bowie says he has ālittle to no confidenceā Labourās plans to tackle small boat crossings will work. Speaking after Yvette Cooper announced the first migrant returns to France will begin this month, he said the Government has āso far seen no dentā in crossings and must show real results before the next election. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Foreign Secretary David Lammy has continued his calls for an immediate ceasefire in Gaza. It comes as Mr Lammy confirmed the UK also intends to recognise Palestine as an independent state. 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 monthās 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 Ā£1 million have sparked..
![Bowie says Starmer reshuffle shows panic in No 10 [Video]](https://video.newsserve.net/300/v/20250902/1421412376-Bowie-says-Starmer-reshuffle-shows-panic-in-No.jpg)
![Chancellor insists her ākey focusā is productivity in budget [Video]](https://video.newsserve.net/300/v/20250814/1419561024-Chancellor-insists-her-key-focus-is-productivity-in.jpg)
![Chancellor welcomes āencouragingā GDP figures [Video]](https://video.newsserve.net/300/v/20250814/1419559332-Chancellor-welcomes-encouraging-GDP-figures.jpg)
![Chancellor meets NI leaders at Stormont [Video]](https://video.newsserve.net/300/v/20250812/1419389658-Chancellor-meets-NI-leaders-at-Stormont.jpg)
![Reeves highlights job growth since becoming chancellor [Video]](https://video.newsserve.net/300/v/20250812/1419367996-Reeves-highlights-job-growth-since-becoming-chancellor.jpg)
![PM: Autumn Budget will focus on living standards [Video]](https://video.newsserve.net/300/v/20250806/1418768530-PM-Autumn-Budget-will-focus-on-living-standards.jpg)
![Reshuffled cabinet meets PM after summer break [Video]](https://video.newsserve.net/300/v/20250902/1421422786-Reshuffled-cabinet-meets-PM-after-summer-break.jpg)
![Cooper vows crackdown on students misusing asylum system [Video]](https://video.newsserve.net/300/v/20250902/1421422676-Cooper-vows-crackdown-on-students-misusing-asylum-system.jpg)
![Bowie doubts Labour migrant plan will cut crossings [Video]](https://video.newsserve.net/300/v/20250902/1421412338-Bowie-doubts-Labour-migrant-plan-will-cut-crossings.jpg)
![David Lammy continues calls for ceasefire in Gaza [Video]](https://video.newsserve.net/300/v/20250901/1421375898-David-Lammy-continues-calls-for-ceasefire-in-Gaza.jpg)
![Thousands of farmers protest in London against new tax plan [Video]](https://video.newsserve.net/300/v/20241119/1393851950-Thousands-of-farmers-protest-in-London-against-new.jpg)
![MPs turn out in support of farmers protest [Video]](https://video.newsserve.net/300/v/20241119/1393824172-MPs-turn-out-in-support-of-farmers-protest.jpg)
![Environment secretary insists "most farms won't be affected" [Video]](https://video.newsserve.net/300/v/20241119/1393816076-Environment-secretary-insists-most-farms-won-be.jpg)
