GBAF Logo
Top Stories

UK chancellor Jeremy Hunt to announce a tax raid on inheritance -Telegraph

Published by Uma Rajagopal

Posted on November 8, 2022

1 min read

· Last updated: February 3, 2026

Add as preferred source on Google
Jeremy Hunt announces inheritance tax changes, impacting UK families - Global Banking & Finance Review
British Chancellor Jeremy Hunt prepares to unveil significant changes to inheritance tax in the upcoming autumn statement, affecting many UK citizens. This image captures Hunt during a recent interview, highlighting his role in shaping the nation's financial policies.
tax administration inheritance tax UK economy financial management Government funding
Global Banking & Finance Awards 2026 — Call for Entries

(Reuters) – British Finance Minister Jeremy Hunt is to announce a tax raid on inheritance as he attempts to balance the books in next week’s autumn statement, the Telegraph reported on Monday. The chancellor and Prime Minister Rishi Sunak have agreed to freeze the threshold above which people must pay tax for another two years […]

(Reuters) – British Finance Minister Jeremy Hunt is to announce a tax raid on inheritance as he attempts to balance the books in next week’s autumn statement, the Telegraph reported on Monday.

The chancellor and Prime Minister Rishi Sunak have agreed to freeze the threshold above which people must pay tax for another two years which means that more people will have to pay inheritance tax, the newspaper reported.

(Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Chris Reese)

Frequently Asked Questions

What is inheritance tax?
Inheritance tax is a tax on the estate of a deceased person, including property, money, and possessions. In the UK, it is charged on estates valued above a certain threshold.
What is a financial statement?
A financial statement is a formal record of the financial activities and position of a business, person, or entity. It includes balance sheets, income statements, and cash flow statements.

Tags

Related Articles

Image for Why Curiosity Is the Hidden Engine Behind Every Big Idea

Why Curiosity Is the Hidden Engine Behind Every Big Idea

Image for The Silent Shift Reshaping Global Finance

The Silent Shift Reshaping Global Finance

Image for The Invisible Forces Rewiring Global Finance—And Why the Shift Is Already Underway

The Invisible Forces Rewiring Global Finance—And Why the Shift Is Already Underway

Image for The Global Finance Reset No One Is Talking About—But Everyone Is Feeling

The Global Finance Reset No One Is Talking About—But Everyone Is Feeling

Image for The Financial Trend Hiding in Plain Sight—Why Everything Feels the Same, But Isn’t

The Financial Trend Hiding in Plain Sight—Why Everything Feels the Same, But Isn’t

Image for The Financial System’s New Rhythm—Why Change Is Happening Without Disruption

The Financial System’s New Rhythm—Why Change Is Happening Without Disruption

More from Top Stories

Explore more articles in the Top Stories category

Image for The Subtle Forces Reshaping Global Finance—And Why They Matter Now
The Subtle Forces Reshaping Global Finance—And Why They Matter Now
Image for The Quiet Realignment of Global Finance—Why the System Is Changing Without a Shock
The Quiet Realignment of Global Finance—Why the System Is Changing Without a Shock
Image for The Global Financial Shift That Feels Small—But Is Changing Everything
The Global Financial Shift That Feels Small—But Is Changing Everything
Image for The Financial System’s Invisible Pivot—Why the Biggest Changes Don’t Make Headlines
The Financial System’s Invisible Pivot—Why the Biggest Changes Don’t Make Headlines
Image for Why Global Supply Chains Are Becoming Smarter, Faster, and More Resilient
Why Global Supply Chains Are Becoming Smarter, Faster, and More Resilient
Image for Why Workforce Agility Is Becoming Critical in the Future of Work
Why Workforce Agility Is Becoming Critical in the Future of Work
Image for Why Global Trade Is Entering a New Era of Resilience and Reinvention
Why Global Trade Is Entering a New Era of Resilience and Reinvention
Image for Why Cybersecurity Is Becoming a Core Business Priority in the Digital Economy
Why Cybersecurity Is Becoming a Core Business Priority in the Digital Economy
Image for Why Data-Driven Decision-Making Is Becoming the Backbone of Modern Business Strategy
Why Data-Driven Decision-Making Is Becoming the Backbone of Modern Business Strategy
Image for How Real-Time Data Is Redefining Decision-Making in the Digital Economy
How Real-Time Data Is Redefining Decision-Making in the Digital Economy
Image for Why Cash Flow Visibility Is Becoming the Most Critical Metric for Business Survival
Why Cash Flow Visibility Is Becoming the Most Critical Metric for Business Survival
Image for How Digital Payments Are Redefining the Speed and Scale of Global Commerce
How Digital Payments Are Redefining the Speed and Scale of Global Commerce
View All Top Stories Posts