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.

A “kind hearted” farmer tragically took his own life after Rachel Reeves ’ crushing inheritance tax raid, his son said. John Charlesworth, 78, was found dead at his 70-acre farm in Barnsley, Yorkshire, on Tuesday, 24 hours before the Budget.

Three quarters of food produced by British farmers will be hit by Rachel Reeves’s inheritance tax raid, the industry has warned.

Rachel Reeves’s inheritance tax raid on farmers will put food security at risk and leave Britain more reliant on foreign imports, suppliers have warned.

Rachel Reeves has been warned that her planned inheritance tax raid will not raise money and will increase bureaucracy for thousands of bereaved families. The Chancellor is understood to be considering extending the current “seven-year” rule – under which gifts can be passed on free of inheritance tax – to 10 years.

Atkins: ‘Crass’ move on farm inheritance tax makes UK more reliant on imports - Victoria Atkins said the move had ‘consigned family farms and businesses to being sold off and split up as families cannot afford massive tax bills’.

This lake was my family farm a few days ago” said Henry last year as we stood looking out at a vast area of water that Storm Babet had thrown onto prime agricultural land in my Lincolnshire constituency.