Inheritance tax: Rayner's secret memo targets major death tax loophole that could wreck UK growth

Inheritance tax: Rayner's secret memo targets major death tax loophole that could wreck UK growth

Angela Rayner, Deputy Prime Minister, is under fire after a leaked memo revealed plans to target a major inheritance tax relief used by families, investors and business owners to pass on wealth. The proposal has triggered fresh warnings that it could shrink investment into British companies and risk undermining Labour's wider pledge to grow the economy.The leaked memo, sent to Chancellor Rachel Reeves in March ahead of the Spring Statement, call…