Getting financial affairs into a strong position will be a top priority for many British farm businesses following the confirmation of changes to inheritance tax. But knowing where to start isn’t always straightforward. Our top tips for preparing for these discussions with your solicitor or financial adviser are your handy starting point. They cover some of
In a report to the council’s cabinet, external, the authority said it was facing its “most challenging budget” and would need to make a number of “very difficult decisions” in the coming financial years. It said it had “reached the point where it is unable to find the level of savings required to balance the
Pensioners whose sole income is the state pension won’t be required to pay income tax, the Treasury has confirmed. The state pension is set to exceed the tax-free personal allowance from 2027, but if this is your only source of income, you won’t need to pay any tax on it. Here, we explain what’s changing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer has admitted for the first time he was planning a manifesto-busting increase to income tax rates in the run-up to the Budget, as he denied misleading voters about the public finances. The
Millionaire second home owners on the banks of Lake Windermere have reacted furiously to Labour‘s mansion tax raid. Businessman David Sutton, 64, has three homes which stand together overlooking one of Britain’s most stunning vistas – one that he lives in and two he rents out to tourists. Under Rachel Reeves‘ so-called mansion tax, two of
Millionaire second home owners on the banks of Lake Windermere have reacted furiously to Labour‘s mansion tax raid. Businessman David Sutton, 64, has three homes which stand together overlooking one of Britain’s most stunning vistas – one that he lives in and two he rents out to tourists. Under Rachel Reeves‘ so-called mansion tax, two of
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Specification: Click to read the article below and then answer the questions: A tax on ambition: what Gen Z thinks of the Budget State one effect of freezing income tax thresholds on a worker’s disposable
One Labour MP said they feared “pubs will become the next farms” as the threat of bar closures linger over high streets and rural areas following last week’s Budget Rachel Reeves has been warned by Labour MPs she will have to climb down on a so-called “pub tax” as she prepared to try and placate
The Mirror can disclose how some of the Reform UK leader’s colleagues owning multi-million pound properties might have to fork out for the charge 14:01, 30 Nov 2025Updated 14:41, 30 Nov 2025 Farage suggested the tax, announced in Chancellor Rachel Reeves’ budget on homes worth over £2million, would leave widows distressed(Image: Getty Images) Mansion tax
Asked directly whether Reeves had misled the public, Mr Alexander replied: “No she hasn’t. She set out very clearly on the Kuenssberg programme this morning the fact that these figures go back and forth between the OBR and the Treasury but she was very clear about the need to build the fiscal headroom.” He added: