How is Labour’s inheritance tax cutting thousands of jobs ahead of Rachel Reeves' Spring Statement?
Family-owned businesses and farms across the UK are cutting jobs, halting investment and selling assets to stay afloat in response to sweeping tax changes. According to research by CBI-Economics, commissioned by Family Business UK, the government’s move to cap business property relief (BPR) and reform agricultural property relief (APR) has triggered a wave of uncertainty. The research found that the tax overhaul is expected to result in more than 208,000 job losses by the end of this Parliament. It has also projected a net fiscal loss to the Treasury of £1.9bn, undermining its own revenue expectations. Click the link in our bio to read more of the story 🔗 #inheritance #inheritancetax #civilservices #farmer #farmers #farmersprotest #news #politics #politicalnews #economy #economics #uk #ukpolitics #uknews #ukeconomy #labour #labourparty #keirstarmer #rachelreeves #work #pip #jobs #jobcuts #benefits #pension #welfare #money #personalfinance #finance #financialnews #springstatement