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
Rachel Reeves confirmed the UK is currently in “intense negotiations” with the US over tariffs “across the board”. The Chancellor said she “does not want to see tariffs go up”, highlighting her support for “free and open trade”. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves has visited Wellington Barracks in central London after announcing in her Spring Statement that defence spending will increase by 2.5% in GDP. The chancellor and the defence secretary John Healey were shown the first AI-powered strike drone, as they learnt about the work of people on the strategic command's innovation unit. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The chancellor says house building commitments in her Spring Statement will benefit young people and that she is "not in favour of national service". Speaking to ITV News, Rachel Reeves adds watching a Sabrina Carpenter concert in a box was "the right thing to do" given her security needs. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves has outlined her plans to "strengthen our nation's defences", by increasing defence spending to 2.5% of GDP and to build 1.5 million new homes. The chancellor acknowledges that the OBR has downgraded the UK's growth forecast for 2025 from 2% to 1%, but adds, "it has upgraded growth for next year and every year after that". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Royal British Legion has announced a special tea party at the National Memorial Arboretum on 8th May to mark the 80th anniversary of VE Day. WW2 veterans share their memories of the historic day and reflect on the importance of remembrance for future generations. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Home Secretary Yvette Cooper says the UK is disappointed with new US trade tariffs but remains committed to reducing trade barriers.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Home Secretary Yvette Cooper announces new measures to crack down on illegal working in the gig economy, aiming to protect legitimate businesses and local workers from rogue employers.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Alex Burghart, the shadow Cabinet Office minister, warns that looming US tariffs on UK-made cars could hurt jobs and the economy, calling on the government to negotiate a trade deal with the US before it's too late.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Thousands of fans have lined the streets of Newcastle as the football team paraded and celebrated their first domestic trophy in 70 years. Report by Etemadil. 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..
![Reeves: We’re in intense negotiations over tariffs [Video]](https://video.newsserve.net/300/v/20250327/1406354064-Reeves-We-re-in-intense-negotiations-over-tariffs.jpg)
![Reeves shown first AI-powered strike drone [Video]](https://video.newsserve.net/300/v/20250326/1406302996-Reeves-shown-first-AI-powered-strike-drone.jpg)
![Reeves: I'm not in favour of national service [Video]](https://video.newsserve.net/300/v/20250326/1406303178-Reeves-not-in-favour-of-national.jpg)
![Reeves: Nation's defences are stronger with spending boost [Video]](https://video.newsserve.net/300/v/20250326/1406297484-Reeves-Nation-defences-are-stronger-with-spending.jpg)
![Royal British Legion Announces VE Day 80th Anniversary Event [Video]](https://video.newsserve.net/300/v/20250330/1406632436-Royal-British-Legion-Announces-VE-Day-80th-Anniversary.jpg)
![Yvette Cooper disappointed by US trade tariffs [Video]](https://video.newsserve.net/300/v/20250330/1406632632-Yvette-Cooper-disappointed-by-US-trade-tariffs.jpg)
![Tougher Checks on Illegal Working Introduced [Video]](https://video.newsserve.net/300/v/20250330/1406631938-Tougher-Checks-on-Illegal-Working-Introduced.jpg)
![Conservatives call for urgent US trade talks [Video]](https://video.newsserve.net/300/v/20250330/1406632190-Conservatives-call-for-urgent-US-trade-talks.jpg)
![Newcastle celebrate Carabao Cup victory [Video]](https://video.newsserve.net/300/v/20250329/1406577938-Newcastle-celebrate-Carabao-Cup-victory.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)
