Britain must accept tough times or face ruin, Rachel Reeves warns
Rachel ReevesRachel Reeves is eyeing up a raid on inheritance tax and stamp duty as part of the October 30 "painful" BudgetBut the amount they are charged could grow as Ms Reeves considers raising the inheritance tax headline rate - though it isn't yet known by how much.For first time buyers the the threshold for paying stamp duty will move from £450,000 to £300,000.
Keir Starmer promised there would be no rises to National Insurance, Income Tax, Corporation Tax or VAT as part of Labour’s manifesto in the election race.It has been predicted that the Chancellor Racheal Reeves will make changes to inheritance tax rates or thresholds. One suggestion is the potential shortening of the gift period before death for tax exemptions.
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