How Labour’s inheritance tax is 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. Read more of the story here 👇 https://www.cityam.com/uk-family-businesses-and-farms-slash-jobs-after-tax-overhaul/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Saskia Koopman, Emmanuel Nwosu, Scarlet Wild