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:
Kemi Badenoch at the 1922-ConHome bash last night:
“I did praise [Burnham] for his stamina, it was amazing. All I had to do was sit back and lie there. I didn’t have to do anything at all…”