Rachel Reeves has rejected an alternative proposal to her inheritance tax raid on family farms which farmers across the UK have damned for being “cruel” and warned will spell the end of their sector.The chancellor was confronted over her plans by former Tory minister John Glen during a hearing of the Treasury select committee in parliament,

Please email: [email protected] of the biggest shocks from Labour’s first Budget came when Chancellor Rachel Reeves announced that pensions will become subject to inheritance tax.The move reverses the decision by George Osborne in 2015 to exempt pension pots from being considered part of an estate for inheritance tax purposes.

Kirstie Allsopp has hit out at Chancellor Rachel Reeves as she rushed to champion farmers' rights and hits out at Labour's new 'tractor tax' policies.

Britain's new finance minister Rachel Reeves announced the biggest tax increases in three decades in her first budget on Wednesday, saying she had to repair the country's broken public services with heavy spending.

Reeves announced a £22.6 billion increase in the day-to-day health budget, and a £31 billion increase in the capital budget, which she said is the largest increase in spending – outside the pandemic – since 2010. By submitting your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over.

With a £40bn hike, Rachel Reeves delivered the highest level of tax increases ever announced in a Budget, but questions remain as to whether her measures will deliver the economic growth she hopes for

Farmers are threatening “militant” action after Chancellor Rachel Reeves rejected their plea for a U-turn on a tax hike from the Budget. Treasury minister James Murray and Environment Secretary Steve Reed met with Tom Bradshaw,