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Rachel Reeves, the UK's Chancellor (the person in charge of taxes and spending), is dealing with a big hole in the government's budget—around £50 billion that needs filling because spending is higher than income. To get more money, she's planning changes to inheritance tax rules. This is called a "grab" by critics because it means the government takes more from families' savings and assets when someone dies, leaving less for heirs like children or grandchildren.

Expect more of this in the future world.

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Tesla123

Most of civil service now wfh, crazy !!

Alirow

A black hole of her making. I know of more and more middle class hard working tax payers now talking about leaving. 4 more years of this will kill the country

SD #1

Disgusting! They mismanage money and then take from citizens. It’s a modern day Robinhood reversal!!!

Jekatskin

Donation to children while you alive

Grant

For each other Jules, the people in this particular chat.

6Sixnine9

This is one of the worst governments we have ever had. Next election they are finished for sure. Nobody wants this shit, surely?

MoneyBee

The english shot themselves in the foot by brexeting. This has cost so much. And now they are scrambling to balance the budget by any possible means. But honestly and sadly… the UK is not so much worse of than the rest of europe

Bickley

Bollocks! Think of Labour, the Conservatives and the leadership of Europe like Biden's Democrats. The Wokerati ruling with abandon with no idea of fiscal prudence, can only spend - mainly on bureaucracy and "progressive" policies..........of all of them the non-elected leaders of the EU are the worst.

Rhododendro

This is good. Inheritance should be taxed more. Definitely above 1 million. How do u want to fight the wealth gap otherwise? Go make your own money lazy kids.

Mar

FREAKING DISGUSTING!!