Autumn Statement 23: IHT left unchanged after rumoured overhaul

Focus on business tax breaks

Jenna Brown
clock • 2 min read

Chancellor Jeremy Hunt did not include changes to inheritance tax (IHT) in his Autumn Statement today (22 November).

Addressing the House of Commons today, Hunt failed to mention IHT in his tax-cutting statement which instead focused on business tax breaks and cuts to National Insurance. Autumn Statement 23: Chancellor Hunt promises 110 measures to grow UK economy IHT changes had been trailed in the weeks coming up to today's speech. However, he did not push ahead with the plans following backlash from campaign groups and from MPs within the Conservative party. It was previously reported that Hunt was considering cutting IHT from 40% to 20%, however, this did not materialise today. Wedlake Bel...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

UK statistics regulator withholds endorsement of UK jobs data - reports
UK

UK statistics regulator withholds endorsement of UK jobs data - reports

‘Way to go’ for reliability

clock 12 February 2024 • 2 min read
Shawbrook Bank owners consider London IPO - reports
UK

Shawbrook Bank owners consider London IPO - reports

BC Partners and Pollen Street Capital

Eve Maddock-Jones
clock 12 February 2024 • 1 min read
BoE policymaker pushes for rate cuts in warning of 'downside risks' for UK economy - reports
UK

BoE policymaker pushes for rate cuts in warning of 'downside risks' for UK economy - reports

External MPC member Swati Dhingra

Valeria Martinez
clock 06 February 2024 • 1 min read
Trustpilot