TalkTV 
Rachel Reeves is planning to raise inheritance tax as part of a push to collect up to £35 billion in the upcoming Budget. Currently, the tax is set at 40% on estates valued over £325,000 when someone dies.
Reeves is considering changes such as raising the tax rate, lowering the threshold, or adjusting exemptions. For instance, the rule that allows gifts given more than seven years before death to be tax-free might be revised. Other changes could affect tax breaks for businesses and farmland.
These potential reforms are expected to spark controversy. Although only 4% of estates pay inheritance tax, many see it as unfair. Jeremy Hunt, the Shadow Chancellor, has criticised it as “anti-Conservative.”
Reeves’ Budget on October 30 is expected to include significant tax hikes.
Peter Cardwell speaks with political commentator Benedict Spence and economist, Justin Urquhart Stewart.
#news #politics #money #tax #labour #keirstarmer #uk #talk #talkradio
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Extra taxes to enable the invaders to live well in order to be fit and healthy for their take over. Perfect, thanks to all you labour voters, we are doomed.
We all know it's proven, historical fact that Labour cannot run the country or balance the books.
Why people vote for them is beyond me.
stop giving money to illegal immigrants
I'm sure all our guests in hotels are desperate to contribute if we would only give them a chance. Think of all the talent wasted. Doctors, scientists, engineers, dentists, and many other professions seeking an opportunity.
High taxes, high interest rates, high inflation, high immigration. Great time to be alive! Those draconian lockdowns and expensive vaccines were absolutely worth every penny!
We're being taxed into oblivion to pay for the third world to come here and get all the freebies available.
"rule of law", letting serious criminals out whilst fast track locking up of people for tweets?
Who were the idiots in the city pre GE suggesting the economy was in safe hands with reeves?
Paying more and more tax for less and less it's a bloody disgrace 🤬
The plan for the UK is to make it the Zimbabwe of the European continent
so our family house has to be sold now, and the house will be demolished along with the world class garden with plants from all over the world, all to make way for 4 bungalows and benefits for muslims
Labour are the reason nobody votes .
The only black hole is the vacuum inside Rachel Reeves head. Stop giving U.K. billions away to African dictators to party on.
Stop giving India money. They are sending rockets to the moon, on money they should use instead for their starving millions.
Inheritance tax is a tax on future investments. But it is the two trillion bill from the twelve million freeloading immigrants that is the wipe out stroke. Four hundred and fifty thousand pounds each for their lifetime upkeep. We might as well all give up now and refuse to do another stroke of work because no matter how much tax we pay it will never cover the bill. 😢
starmer doing all the to keep in with the wef and as for the boats he could have shares in serco as does the king so thats not going to stop anyday soon.
The country is being driven down the toilet by incompetent criminal parasites.
The law needs changing so incompotent goverment officials will be held accountable for their failing to spend the peoples money wisley.
37700 a year you pay 20 percent of tax but If you are getting over 37800
a year then you have to pay 40 percent tax this is the budget on the 2025/26 ? I can't the wait this time because probably anyone leaving out of the country before that.
On the plus side, the more businesses that close down the less taxes will be paid to support Starmers uninvited guest's!
GovCorp is global and engaged in systemic destruction of lifestyles through wars, wokeness, debt etc etc…this will then lead to the Great Reset implemented by the UN, a de-facto world government. The reset will be focused on saving Mother Earth from Humanity, and life will become very hard, with no respite from the punishing shortages of everything…the final solution will be underway.
Labour live on cloud far left unicorn
Started telecoms company in 2006. Paid serious corporation tax every year, had dedicated team of people, but sold 3 years ago in part because of the TINO’s anti business policies from Osborne onwards. Company now based in Austria so those profits now lost to the EU zone. Reinvested some of my money into property development (having once again paid a shed load of tax) building two 4 bed family houses which initially I was going to rent but will now sell because of war Landlords as started by TINO’s and to be completed by Labour. Within my social group of 45 to 60 years olds, the over riding comment is “why bother to work hard, take risk and invest when the government makes it ever more complicated and then squanders the tax paid. I will not be looking to do any new business startup and am encouraging my two 23 /25 years old sons to leave U.K. asap.
Investment isnt happening at the rate needed. Global business in the city have already moved investment into the EU this is ignored by commentators. Where is the carrot here to entice business to invest and for entrepreneurs to set up. Ireland has a corporate rax rate of 12.5% yet here in the UK free from the shackles of the EU we remain at 25% for most business and with personal tax threshold still at 12,540 after all these years…..!
Farmers are getting killed by greedy supermarkets. The same profiteering super market post records profits when everyone else is tapped.
Similar story all over really
Energy.
Fuel.
Banking.
Insurance.
All postings record profit while low and middle class get squeezed.
Windfall the lot of them use that to invest in the other parts of are economy.
What a despicable government
i remember labour continually riding the Tories for the highest tax burden since 70s…
humm….
It does not pay to work in this country today!
Scrap foreign aid buget and replace it with a disaster fund only paying out when a country is in real truoble. No more gravy trainer for bent governments.
Enough is enough, abolish personal income taxes, only tax businesses.
Has it ever occurred how cruel it is to take monies from families that have just suffered death of their last parent
Just how it used to be Jonathan who phoned in. In the early 1070s before mass immigration, you got an operation within 3 weeks!!!
Fantastic analysis
Thank you Sir
Brilliant discussion
Thank you all
Thank you gentlemen
You do a wonderful of of shining a light on truth. Main stream media is officially over!
Always appreciate you , amazing work
Love Talk TV
Cutting taxes is not popular among the investors as they only care about their investment been paid on time by the governments that’s why Lizzie got the boot after 45 days in power. The spending is the real issue, it needs to be reduced
Ask Gemini or Bard about Tax avoidance, Inheritance tax rules, and non dom tax avoidance in the UK…
Very interesting how the Dynasties have grown in the UK as well as the huge divisions over the centuries of tax avoidance,
Britain today is in a desperate state.
Of course Brexit did not help at all.
It will be very interesting to see what this Labour Government does or does not do to fix UKplc,
Useless labour
When I win the euro millions on Friday, I'm off to some tax haven…££££
Stasi & Thieves can F**k off..!
£35 billion that will be wasted on foreign aid and supporting illegals