JCB Heir Warns Firm Could Quit UK over Rachel Reeves Tax Changes

JCB heir warns firm could quit UK over Rachel Reeves tax changes

Jo Bamford has warned the UK risks losing one of its major success stories to America

Rachel Reeves's inheritance tax raids may force JCB abroad, British firm has warned

Jo Bamford, heir to the JCB manufacturing empire, has warned the company could shift its base to the United States in response to Labour’s inheritance tax reforms

Rachel Reeves hammerblow as JCB threatens to quit Britain over tax raid

JCB charmain Lord Bamford's son Jo says Britain risks losing one of its major success stories to the US due to preferable tax rates there.

JCB heir warns inheritance tax could force family business out of Britain

Jo Bamford, heir to the JCB fortune, says move might be needed to preserve jobs

JCB heir: Inheritance tax raid could force us out of Britain

The heir to the billion-pound JCB fortune has warned that the government’s inheritance tax crackdown on family firms could force his father’s sprawling business empire overseas. Jo Bamford, whose billionaire father Anthony owns the digging equipment maker, said he could be forced to move abroad in order to safeguard the number of jobs at the family’s portfolio of companies and prevent businesses from being sold off. “The family tax… is a real pr…