UK farmers are facing a disaster and could end up paying thousands of pounds more in car tax after the Government quietly closed a lifeline loophole. In a second tax raid vehicles such as the Ford Ranger and Nissan Navara will be classed as cars rather than vans from next April meaning annual bills will skyrocket.

The businessman said the decision to tighten inheritance tax relief on business property is an ‘ignorant swipe at aspiration’

The Budget is about the long game on the economy and Reeves believes the current pain is a price worth paying.

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.

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,