HMRC raised £2.9 billion in inheritance tax receipts between April and the end of August 2022, according to new figures released today. This is a £300 million increase from the same period the year before. Under UK law, inheritance tax is paid at 40% on assets

Joe Biden will tell Liz Truss she must work with the EU to find a negotiated outcome to solve post-Brexit tensions over the Northern Ireland Protocol, the White House has said. The US president and the Prime Minister will hold a delayed meeting in New York

The ranks of the global “ultra high net worth” (UHNW) individuals swelled by 46,000 last year to a record 218,200 as the world’s richest people benefited from “almost an explosion of wealth” during the recovery from the pandemic. The number of UHNW people – those with

Jacob Rees-Mogg is expected to announce a cap on energy prices for businesses that would cut the rates they pay by up to half this winter. The business secretary will outline support on Wednesday for companies, charities and public sector organisations for six months from 1

The media-shy billionaire family which owned Butlins for 21 years until last year has bought the holiday resorts business back from its private equity owner in a £300 million deal. Blackstone, which bought Bourne Leisure, the tourism group, for £3 billion last year, has carved out

Liz Truss will announce radical plans to cut stamp duty in the government’s mini-budget this week in an attempt to drive economic growth. The prime minister and Kwasi Kwarteng, the chancellor, have been working on the plans for more than a month and will announce them