Independent economics consultancy CBI Economics released a large-scale analysis of Reeves’ changes to death taxation at the Budget. APR and BPR hikes will end up costing the Treasury more than they raise:
Most startlingly the analysis estimates the net fiscal impact of the tax changes will reduce Treasury tax revenues by £1.9 billion, which is just above the £1.8 billion the Treasury optimistically claims it will raise by 2030. Rendering the punitive changes completely pointless…
Read the full report below:
Lord Khan in the Telegraph: “I hope, and I say this in a non-pompous way, that the public service I do will bring rewards in this world and the hereafter,” he says. “I’m hoping the work I do is earning me Brownie points.”