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World

Rachel Reeves’s war on family businesses

16 May 2025

10:30 PM

16 May 2025

10:30 PM

The Environmental and Rural Affairs select committee is surely right that the government imposed the inheritance tax changes on farmland without proper consultation – and ignored the likelihood that they will cause serious hardship for family farms.

Never mind the threshold which Rachel Reeves claims will mean most farms can still be passed on IHT-free – something questioned by the NFU and other critics – the new rules will inevitably drive many larger farms out of business when the current generation passes on.

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