Inheritance Tax  

IHT receipts up 11% to £2.9bn

“As chancellor, I have pledged to get debt down in the medium term. However, in the face of a major economic shock, it is absolutely right that the government takes action now to help families and businesses, just as we did during the pandemic."

The government is set to reveal a mini-budget this Friday, with Liz Truss having signed off plans to cut national insurance, reverse a planned rise in corporation tax and lift a cap on bankers bonuses. 

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jane.matthews@ft.com