Labour’s tax hit on family firms could wipe out 125k jobs – the population of Blackburn – Kemi warns

LABOUR’S tax grab on family firms risks wiping out 125,000 jobs — equivalent to Blackburn’s population, Kemi Badenoch has warned.

The Tory leader said Rachel Reeves’ inheritance tax shake-up did not just threaten farms but thousands of family businesses.

She cited research showing the changes might drain £9.4billion from the economy in three years and lead to a net loss of £1.25billion for the Treasury, with 125,000 job cuts.

Ms Badenoch took aim at Labour’s plans...