How inheritance tax is becoming a ‘bill for ordinary households’ Personal Finance Inheritance tax receipts have hit a new high as frozen thresholds and rising property values drag more households into the tax net. Inheritance tax (IHT) receipts have hit £3.8bn so far this financial year, surpassing the £3.7bn recorded at the same point last year, according to the latest data from HMRC. Total receipts reached £8.5bn [...]
Healey urged to drop ‘death tax’ holding back family businesses Economics John Healey has been urged to drop a so-called “death tax” which business leaders say means family firms are losing out to overseas investors. The Chancellor has been told to unwind sweeping reforms to inheritance tax, made by his predecessor Rachel Reeves, which family businesses say undermine the government’s attempts to drive economic growth through [...]
Reform hits back at Tory plan to ‘abolish inheritance tax’ Politics The Conservatives and Reform UK have clashed over plans to abolish inheritance tax as Kemi Badenoch prepares to put tax cuts at the heart of her pitch to voters. Badenoch is considering pledging to scrap inheritance tax if the Tories win the next general election, with the policy potentially forming the centrepiece of her party [...]
Here’s how Britain can woo back the world’s wealthy September 2, 2026 Britain has the lowest number of millionaires since the financial crash but Andy Burnham seems to have plans to stem the tide. Here’s what he should do, according to James Hodgkinson The sad truth is that Britain is getting poorer. Last year saw the number of UK millionaires reach just 442,000. A grim milestone, and [...]
Burnham should go on a ‘cost of doing business’ tour August 11, 2026 An alarming note from one of the City’s top economists warns that October’s Budget could see taxes rise by almost the same amount as they did last year when Rachel Reeves cooked up £26bn worth of fresh hikes. Ruth Gregory, Deputy Chief UK Economist at Capital Economics, suggests that higher taxes “perhaps worth up to [...]
Healey announces early Budget July 31, 2026 John Healey has confirmed he will deliver his first Budget on 28 October as he pledged to “shift power and money out of Westminster”. The Chancellor said on Friday that his first fiscal statement would “back Britain’s communities” setting the stage for a Budget that economists have predicted will be the country’s third in a [...]
Ban foreign stocks from Isa wrapper, says top pensions boss July 28, 2026 The tax-free wrapper on a stocks and shares Isa should be restricted to investments in UK assets, according to the chair of a top pension fund who also called for an inheritance tax carve-out for retail investors who buy government bonds. Speaking at an event, Standard Life chair Nicholas Lyons argued limiting the tax incentive [...]
‘One-two punch’ – Families face huge capital gains death tax under Burnham July 9, 2026 Bereaved families could face a huge tax bill under an Andy Burnham premiership if the likely next Prime Minister presses ahead with a policy to hike capital gains tax on assets of the deceased. Supporters of Burnham, including the former health secretary Wes Streeting and ex-transport minister Louise Haigh, have said previously they believe wealth [...]
Burnham to unveil plans for devolution and ‘reindustrialisation’ June 28, 2026 Andy Burnham will unveil plans to devolve power away from London and shift some government operations to a “Number 10 in the North”, as the Prime Minister-to-be calls for a change in “how Britain is governed”. In a speech focused on growth on Monday morning, Burnham will say that a 10-year plan will focus on [...]
Top Burnham adviser calls for capital gains and inheritance tax hikes June 28, 2026 Andy Burnham’s top adviser has called for capital gains and inheritance tax to be hiked and the fiscal rules to be loosened so the government can borrow billions. Ex-transport secretary Louise Haigh, who led Burnham’s Makerfield campaign and is set to take a senior position in his Cabinet, is also pushing to dismantle the Treasury. [...]