Labour chancellor’s controversial inheritance changes in the budget are under further fire
New research warns that Rachel Reeves's "tractor tax" could result in 200,000 job losses and cost the economy £14.9 billion. The research, commissioned by Family Business UK, indicates that many family businesses and farms have already cut jobs or halted recruitment since the tax was announced. The policy, which introduces inheritance tax on farms valued at £1m or more, is projected to cause significant job losses by the next election, though the Treasury claims it will only affect farms worth £3 million or more and offer payment flexibility.
