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UK chancellor Jeremy Hunt to announce a tax raid on inheritance -Telegraph


UK chancellor Jeremy Hunt to announce a tax raid on inheritance -Telegraph By Reuters

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Economy 9 minutes ago (Nov 07, 2022 22:40)

© Reuters. FILE PHOTO: British Chancellor of the Exchequer Jeremy Hunt speaks during an interview with television correspondent Robert Peston outside the BBC headquarters, in London, Britain, October 15, 2022. REUTERS/Henry Nicholls

(Reuters) – British Finance Minister Jeremy Hunt is to announce a tax raid on inheritance as he attempts to balance the books in next week’s autumn statement, the Telegraph reported on Monday.

The chancellor and Prime Minister Rishi Sunak have agreed to freeze the threshold above which people must pay tax for another two years which means that more people will have to pay inheritance tax, the newspaper reported.

UK chancellor Jeremy Hunt to announce a tax raid on inheritance -Telegraph

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