Andy Burnham has been urged to scrap inheritance tax on family firms and rule out further raids on struggling businesses.
In research seen by the Daily Mail, around half of family-owned companies want the new Prime Minister ‘to address falling confidence, investment and employment’.
They said this should be done by reversing Rachel Reeves’ decision to impose 20 per cent inheritance tax on family businesses and farms that threatens to destroy generations of hard work.
And, according to the research by campaign group Family Business UK (FBUK), bosses also want Burnham and his new Chancellor to ‘rule out increasing other taxes on business ownership, succession and investment’ – in particular capital gains tax (CGT) and corporation tax.
Family firms fear another tax raid under the incoming Labour government
