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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Sir Keir Starmer has said he is "absolutely" still confident in Chancellor Rachel Reeves after her financial plans sparked rows with pensioners, farmers and.. Sky News
Liberal Democrats leader, Sir Ed Davey visited high-street businesses calling for a Government U-turn on the rise of the bus fare cap. The £2 cap on single fares that applies on most routes outside London will be replaced by a new £3 cap until the end of 2025, Chancellor Rachel Reeves announced in the Budget. Report by Covellm. 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 speaks to engineers and scientists during a visit to Tokamak Energy in Abingdon. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Responding to the slowdown in economic growth during the quarter to September, Chancellor Rachel Reeves emphasised that achieving growth is the "number one mission of this Government". However, she acknowledged that when she became chancellor, she was upfront about the "scale of the challenges" she had inherited, particularly regarding the state of public finances. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Mel Stride blamed GDP figures showing growth slowed between July and September on the Labour government “talking down of the economy”. UK economic growth slowed between July and September relative to the previous quarter, according to official data, in a blow to Chancellor Rachel Reeves. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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
Angela Rayner has paid tribute to former deputy prime minister John Prescott following his death aged 86 following a battle with Alzheimer's. The deputy prime minister described Mr Prescott as "an incredible figure in politics" and revealed he would often ring her after PMQs to offer words of encouragement.
Report by Kennedyl. 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 welcomed the President of Indonesia Prabowo Subianto to 10 Downing Street on Thursday. Mr Subianto, who was inaugurated last month, met the prime minister earlier this week at the G20 leaders’ summit in Brazil.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Gordon Brown has paid tribute to former deputy prime minister John Prescott following his death aged 86 following a battle with Alzheimer's. The former prime minister credited Mr Prescott with transforming "our view of climate change" and being the "pioneer of levelling up."
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer said the UK must "double down" it's support for Ukraine after returning from the G20 summit in Brazil. Addressing the House of Commons on Thursday, the prime minister said it "could not be more clear" that "this is a man that wants destruction, not peace".
"After 1,000 days of war, I am clear that we must double down in our support. We will not be deterred or distracted by reckless threats," he added.
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Shadow defence secretary James Cartlidge has responded to speculation that Ukraine has fired UK-supplied Storm Shadow missiles at targets inside Russia for the first time. Mr Cartlidge said: "We do support giving Ukraine maximum autonomy because ultimately they're trying to fight for their lives - this is an act of self defence." 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 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 £1 million have sparked..
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