The latest news about Steve Reed

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Labour's Tax Hike Sparks Controversy

Chancellor Rachel Reeves has faced backlash for raising taxes by £40 billion, contradicting her pre-election promise not to increase taxes. She cites a £22 billion financial shortfall inherited from the previous government as justification, while critics question the legitimacy of this claim and its implications for public services and economic growth.

Farming Community Opposes Tax Changes

Chancellor Rachel Reeves' proposed changes to inheritance tax relief for agricultural properties have sparked significant backlash from the farming community. A petition against the changes has garnered over 100,000 signatures, highlighting concerns that the reforms threaten family farms and livelihoods. The changes are set to take effect in April 2026, raising the tax burden on many farmers.