US EditionRachel Reeves Looking to Tighten Inheritance Tax Rules
Chancellor Rachel Reeves aims to raise inheritance tax revenue by reforming reliefs and gifting rules to address a £50 billion UK deficit, with only 4% of estates currently liable.
- Rachel Reeves is considering changes to the UK's inheritance tax laws to address a financial shortfall of £50 billion.
- Former Treasury adviser Jonathan Portes stated that inheritance tax changes would not raise tens of billions of pounds as anticipated.
- Critics like Shadow Chancellor Sir Mel Stride argued that these tax reforms would burden working families and potentially chase wealthy individuals out of the UK.
- The National Institute of Economic and Social Research suggested the chancellor needs to find tens of billions to balance the budget before autumn.
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13 Articles
The IndependentReposted by 
The Independent (US)
The Independent (US)Reeves accused of ‘coming for your family’s future’ with inheritance tax raid
Former government economist Jonathan Portes told The Independent changes to inheritance tax would not raise enough to plug the UK’s multi-billion-pound fiscal shortfall
·London, United Kingdom
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Coverage Details
Total News Sources13
Leaning Left3Leaning Right4Center2Last UpdatedBias Distribution44% Right
Bias Distribution
- 44% of the sources lean Right
44% Right
L 33%
C 22%
R 44%
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