Reeves Death Tax: 200,000 Jobs at Risk?
New research delivers a stark warning: proposed inheritance tax changes, or the primary_keyword, could jeopardize 200,000 jobs within the next five years. A study by CBI Economics reveals the possibly devastating economic impact of Chancellor Rachel Reeves’ tax alterations, specifically targeting family-owned businesses adn agricultural relief. This strategic pivot aims to raise revenue, but it’s forecasted to trigger a net fiscal deficit of £1.9 billion, alongside a staggering £14.8 billion loss in gross value added, becoming the secondary_keyword. Discover how these policies might reshape the economic landscape, courtesy of News directory 3, and affect the jobs of so many.Discover what’s next.
Inheritance Tax Changes Could Cost 200,000 Jobs
Updated June 01, 2025
Sweeping changes to business and agricultural property relief introduced by Chancellor Rachel Reeves could put more than 200,000 jobs at risk over the next five years, according to new research. The inheritance tax raid, impacting family-owned businesses and farms, is projected to have a significant economic impact.
A study by CBI Economics, commissioned by Family Business UK, estimates that 208,500 full-time jobs could be lost by April 2030. While the policy change aims to raise about £1.8 billion in tax revenue, it is indeed expected to result in a net fiscal cost of £1.9 billion.
The CBI Economics study also found that the tax changes would lead to a £14.8 billion loss in gross value added (GVA) to the economy. The Autumn Budget limited 100% relief from inheritance tax to the first £1 million of claims, applying a 50% tax rate above that threshold.