Inheritance tax hike could be on cards

CHANCELLOR Rachel Reeves has declined to rule out an inheritance tax hike, after the Prime Minister warned of a ‘painful’ Budget in October.

Speculation on the Budget’s content continues after Sir Keir Starmer argued ‘those with the broadest shoulders should bear the heavier burden’ during a speech from Downing Street’s Rose Garden on Tuesday.

When questioned on tax increases during a visit to central Scotland yesterday, Ms Reeves told broadcasters she would be making ‘difficult decisions.’

She said: “Much work is needed to rebuild the foundations of our economy so we can rebuild Britain and make working people better off, and that is why growing our economy is absolutely essential.