Labour's first budget in 14 years included measures to close inheritance tax loopholes and press ahead with scrapping the controversial "non-dom" tax status, as well as levying higher taxes on private jet flights.
But Rachel Reeves came under fire from campaigners for pulling her punches on the rich, while she is also facing a furious backlash from farmers and small business owners over fears that tax rises could force family firms to sell up.
From April 2026, a 20% tax rate - half the headline inheritance tax rate of 40% - will be applied to the value of farms and businesses above £1m when they are passed on.
Tom Bradshaw, the president of the National Farmers Union (NFU), said two-thirds of farms would now be subject to inheritance tax, labelling the change "disastrous". "This budget not only threatens family farms but also makes producing food more expensive," he said, adding that costs would be passed on to consumers.
Denne historien er fra October 31, 2024-utgaven av The Guardian.
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Denne historien er fra October 31, 2024-utgaven av The Guardian.
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Marler exited England camp before his call to scrap haka
Joe Marler left the England camp preparing for the autumn internationals opener, against the All Blacks on Saturday, for personal reasons at the start of the week before provoking a fierce backlash in New Zealand by calling for the haka to be scrapped.
Stokes family's ordeal Captain reveals masked gang burgled home while on tour
Ben Stokes, the England Test captain, has said his house was burgled this month while his wife and two children were present and he was away on the tour of Pakistan.
Fifa in dispute with Adidas and Coke over Club World Cup
Fifa is in dispute with its long-term partners Adidas and Coca-Cola over sponsorship rights for the Club World Cup next year in the US.
Werner and Sarr strike early as rapid Spurs catch City by surprise
Tottenham had threatened to win at a canter. Two goals up after 25 minutes, there was almost disbelief within the home crowd and not only because Timo Werner had scored the first.
Isak makes Maresca pay for shuffling Chelsea's pack
Hope is alive and kicking at Newcastle after all. Just as Eddie Howe's players seemed to be sliding towards mediocrity, a place in the Carabao Cup's last eight changed an entire narrative.
Gakpo double keeps Liverpool on course for trophy defence
The Arne Slot roadshow continues to impress. Cody Gakpo's quickfire double helped the Liverpool manager make it seven wins from his first eight away matches in all competitions as the holders moved into the quarterfinals despite making wholesale changes on the south coast.
United shake off Ten Hag's reign with five-star Victory
Ruud van Nistelrooy may never lead Manchester United in cup competition again, so ending on the right end of a 5-2 goal fest as the interim manager can warm in his dotage.
Nwaneri delivers again as Arsenal showcase top-flight dominance
Arsenal had a European Championship winner on parade in Jorginho, the Champions League-winning Kai Havertz and the four-time Premier League champion Raheem Sterling making life a misery for Preston, but one name rang out above all from the away end at Deepdale: Ethan Nwaneri.
Kamada gives Palace win but Eze limps off injured
Just as reports started surfacing that Oliver Glasner had until the approaching international break to safeguard a job he started so brilliantly only eight months ago, so Crystal Palace go and win successive games.
Draper rolls into last 16 by taking down world No 6
The two previous times Jack Draper and Taylor Fritz faced each other this year, their encounters ended in similar ways.
