Rachel Reeves’ hated inheritance tax sparks UK food security fears and horror jobs warning | UK | News
The UK has been warned that its food security is at risk ahead of Labour's changes to inheritance tax (IHT), which are expected to severely impact farmers. Adjustments to Agricultural Property Relief (APR) and Business Property Relief (BPR) announced by Rachel Reeves in her maiden budget are expected to take effect from April 2026, though the Government has faced calls to delay this by a year. The changes mean IHT relief for business and for agricultural assets will be capped at £1million, with a rate of 20% being charged above...