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Inheritance Tax

ALT Some of the things Rachel Reeves announced in the Budget Pay rise for 3 million workers. New funding to deliver an extra two million NHS operations, scans and appointments a year. Freeze on fuel duty. No tax increases in your payslip. £30 million to provide free breakfast clubs. £240 million package to get Britain working again. £1.4 billion to rebuild 500 schools. £500m investment to build 5,000 new social homes. Increase in the state pension by up to £470. Former mineworkers will receive £1.5 billion that was kept from their pensions. The biggest increase to Carer’s Allowance eligibility since its introduction. £1 billion to help those facing financial hardship via the Household Support Fund. 40% relief on business rates, hospitality and leisure sectors. Nom-dom tax status abolished. £500 million to fix local roads and fill a million potholes. Increase in the employment allowance to support small businesses. Crack down on fraud, tax avoidance and waste.

ALT Graphic. Photograph of Liz Truss with newspaper headline. Text: Tory Budget Rebuke from IMF is a global embarrassment for Truss and Kwarteng. It is hard to overstate just how severe an embarrassment the dressing down from the IMF is for the government, which has been told to rethink last week's mini-budget. The Guardian, September 2022 Photograph of Rachel Reeves with newspaper headline. Text: Labour Budget The International Monetary Fund has welcomed the measures announced by Rachel Reeves in her first budget In a rare intervention, the IMF backed her increase in investment and extra spending to ease the financial pressure on public services and boost growth. The Guardian, October 2024

















