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Inheritance tax plan could plug fiscal gap
Western Mail
|August 14, 2025
THE Treasury is reportedly exploring options to raise additional revenue from inheritance tax ahead of the autumn budget.
According to The Guardian, officials are examining whether tightening rules around the gifting of assets and money could help address the UK’s multi-billion-pound fiscal shortfall.
UK Government U-turns over winter fuel payments and welfare reform have left Chancellor Rachel Reeves with a multi-billion-pound spending gap to fill, amid similarly controversial pushes for a “wealth tax” by some Labour MPs.
This story is from the August 14, 2025 edition of Western Mail.
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