‘Tax change will put jobs and critical supply chains at risk’

RACHEL Reeves must reverse her planned inheritance tax changes or risk the collapse of family-run firms that are vital to growth, building chiefs have warned.

- By Steph Spyro Environment Editor

RACHEL Reeves must reverse her planned inheritance tax changes or risk the collapse of family-run firms that are vital to growth, building chiefs have warned.

Wernick Group, one of Britain’s oldest family-run construction firms, warned that Labour’s plan to reform Business Property Relief (BPR) from April would “cripple” many of the country’s builders.

Executive chairman David Wernick said: “We've spent nine decades building a business that supports hundreds of families, drives growth and underpins some of Britain’s most important infrastructure. These changes put all of that at risk.

Disappear