The Chancellor is set to hit aristocrats and other wealthy property owners with a £1 billion inheritance tax raid in her Budget. Rachel Reeves is looking at reforming business relief, a loophole which allows the rich to halve their inheritance tax bills.

With chancellor planning tax shake-up in this month’s Budget, Foreign Investors for Britain is trying to affect debate

Labour’s manifesto pledged not to raise income tax rates. Last year, Ms Reeves appeared to agree, saying: “People on average earnings are paying more in tax because they are dragged into higher tax brackets. That is a sign of failure. The government is picking the pockets of working people.”

Labour have already managed to squander any goodwill from their election victory. Already the public is questioning the trustworthiness of its senior figures and whether there is even a modicum of basic competence at the top table.

British finance minister Rachel Reeves faces a tough task to raise the tax revenues she needs to invest more in public services and new infrastructure in her Oct. 30 budget.

“While the RNRB provides an extra relief of value to many families as house prices have risen, it has been criticised for discriminating against those who don’t have children or who simply choose to leave their main residence to someone who isn’t a direct descendant.

Rachel Reeves has been warned that her planned inheritance tax raid will not raise money and will increase bureaucracy for thousands of bereaved families...

Chancellor is looking at raising the seven-year rule to ten years - here's how it could hit your financial plans

UK chancellor considers extending ‘seven year rule’ on gift giving to 10 years among other reforms

Millions of families face soaring holiday costs as Rachel Reeves's Budget plans include inflation-busting hikes in Air Passenger Duty.