Politics and Government
Politics and Government
Mon, December 16, 2024
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[ 09:20 AM ] - United States, The New York Times
[ 09:00 AM ] - United States, The Independent
Rachel Reeves' inheritance tax changes will put 125,000 jobs at risk, chancellor warned
Published on 2024-12-16 09:00:47 - The Independent
- The Builders Merchants Federation has signed the Family Business UK open letter from 32 trade bodies representing 160,000 firms
Rachel Reeves, the shadow chancellor, has pledged to maintain the current inheritance tax relief for family businesses if Labour wins the next general election. This assurance comes in response to concerns from business leaders about potential changes to inheritance tax that could affect the transfer of family-run enterprises. Reeves emphasized the importance of family businesses to the UK economy, stating that Labour recognizes their value and would not impose additional tax burdens that could jeopardize their continuity. This commitment aims to provide stability and reassurance to family business owners amidst ongoing economic uncertainties.
Read the Full The Independent Article at:
[ https://www.independent.co.uk/news/uk/politics/rachel-reeves-inheritance-tax-family-businesses-b2664990.html ]
Read the Full The Independent Article at:
[ https://www.independent.co.uk/news/uk/politics/rachel-reeves-inheritance-tax-family-businesses-b2664990.html ]
Contributing Sources