Rachel Reeves is being warned that her so-called tractor tax will not just hit farms but also puts tens of thousands of family businesses at risk along with 125,000 job losses.
The main trade body representing builders - the Builders Merchants Federation (BMF) - has become the latest of 32 trade bodies to sign an open letter to the chancellor warning about the consequences of changes to inheritance tax in the Budget. It has raised serious questions over the Labour government's hopes over a building revolution pushing forward economic growth.
The letter warns: The changes to these policies will have a severe and long-lasting impact on these businesses and the livelihoods of the millions of people they employ. These businesses and the economy will be starved of much-needed investment leading to forced, pre.
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