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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Chancellor Rachel Reeves is coming under increased pressure to raise taxes or cut public spending as official figures show government borrowing was more.. Sky News
The chancellor says the government is ready to support creative industries, after announcing film studios in England are to receive business rates relief for the next nine years. On a visit to the Warner Bros Studio in Leavesden, Rachel Reeves adds "that's something that this government wants to get behind to back growth and back British workers". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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The shadow chancellor of the exchequer has defended the previous government for the rise in inflation, instead blaming Chancellor Rachel Reeves' budget and other government decisions, including increased spending and borrowing. Mel Stride's comments come after government ministers pointed blame at the previous Conservative government after new data from the Office for National Statistics estimated that the rate of UK inflation rose from 2.5% in December to 3% in. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Conservatives have said that the "disappointing" rise in inflation is a cause of worry. Kevin Hollinrake, Shadow Levelling Up Secretary, said the 0.5% rise in inflation from December to January was a direct result of Rachel Reeves' budget. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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An organiser of the Ukraine Solidarity Campaign speaks about his âfrustrationâ of the current political âbetrayalâ around the war in the eastern European country. Referencing Russiaâs â122,000 recorded war crimesâ in Ukraine, Christopher Ford says âthe perpetrator of these crimes could be rewarded with conquestâ. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Disabled fashion designer Kat Paylor-Bent says she is âhonouredâ to be showcasing her clothing at London Fashion Week. Paylor-Bent makes history by incorporating braille into her clothes designs at the event for the first time.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The funeral of 15-year-old Harvey Willgoose took place at Sheffield Cathedral after he was fatally stabbed at All Saints Catholic High School in Sheffield.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Nour Norris, the aunt of Raneem Oudeh who was killed by her ex-husband, has welcomed the 'Raneem's law' scheme which will see specialists embedded in 999 control rooms across some police forces as âit will play a huge, big role in supporting first call victimsâ.
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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 monthâs 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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