Inheritance tax already up 10 per cent as Reeves looks to squeeze levy in Budget, official figures show

Britons are already paying more inheritance tax as Rachel Reeves looks to squeeze millions more from the levy, official figures show.

Payments swelled the Treasury’s coffers by £4.3bn in the six months since April, £400m more than in the same period in the previous financial year and a rise of 10 per cent, new data from HM Revenue and Customs shows.