Davey: Govt should withdraw farming inheritance tax measure
Video Credit: ODN - Duration: 02:00s - Published
Davey: Govt should withdraw farming inheritance tax measure
Ed Davey has called on the government to "withdraw" its new inheritance tax measure for farmers.
The Liberal Democrat leader says farmers are "worried" after Chancellor Rachel Reeves 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.
Report by Brooksl.
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Liberal Democrat leader Sir Ed Davey has thanked candidates who did not win in the election for their work during the campaign. In his keynote speech, he told the party's autumn conference that he wanted to "shine a spotlight" on a group "whose contribution to our success isn't recognised as much as it should be".
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Liberal Democrat leader Sir Ed Davey warms up in a game of tennis as he prepares to give a speech in Brighton to celebrate a record number of MPs. The party is celebrating the election of 72 MPs.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Lib Dems leader, Sir Ed Davey, has said it's important his MPs repay voters' trust, admitting the party has lost trust over the years. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Lib Dems leader, Sir Ed Davey, has accused the government of ignoring the social care sector, which will help reform the NHS. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Gareth Davies says people will be asking "what is this Budget for if it's not for growth?", after Rachel Reeves raised taxes by £40bn. The shadow exchequer to the Treasury adds the chancellor's tax increases have sparked a hostile market reaction. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The chief secretary to the Treasury says Rachel Reeves "chose investment over further decline", despite a hostile market response to the chancellor's Budget. Darren Jones adds Conservative ministers have been "dishonest" about the true state of the country's public finances. 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 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
The chancellor appears to have a fight on her hands with Britain's family farmers. In her Budget, Rachel Reeves 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 farmers in Cirencester have labelled the move "demoralising" and the deputy president of NFU Cymru Abi Reader warns it will lead to "economic stagnation". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
More than 150 people have died in Valencia's flash floods, as crews continue to search for bodies in stranded cars and sodden buildings. One local has described an "ocean" of floodwater that filled his town in minutes. He said he is "afraid" after being left without food, water or electricity, 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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