Inheritance Tax Changes ‘Put 200,000 Jobs at Risk’
2nd June 2025
In October, Rachel Reeves, the chancellor, announced that from April 2026 inherited agricultural assets worth more than £1 million would be liable to inheritance tax at 20 per cent — half the usual rate.
The changes, according to FBUK, could result in the loss of 208,000 jobs. Parts of Cornwall and Aberdeenshire are expected to be the worst affected, alongside Yorkshire, northern and eastern England, the Midlands and Northern Ireland. The industries expected to bear the brunt of the changes are construction, manufacturing, accommodation, hospitality and the motor industry, as well as agriculture and horticulture.
The problem with socialism is that eventually you run out of other people’s money. Jacking up taxes when the economy is in the toilet is a key indicator that things are on the downhill slide. Britain is bound and determined to shoot itself in the foot – with a grenade launcher.