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The Guardian - UK
The Guardian - UK
Business
Heather Stewart

Labour could be knocked off course as it sticks to £40bn mission

The two sit at a meeting with others
Rachel Reeves and Keir Starmer at an investment summit in London. Photograph: Jonathan Brady/Reuters

‘“Starmer the farmer harmer”: the placards sported by the army of angry landowners who rolled into Westminster last Tuesday sent a clear message to the prime minister, albeit while he was out of the country.

By Thursday, the Treasury was hinting at a retreat, albeit a very modest one, on its plans to levy inheritance tax on larger estates, mooting a transitional regime for the oldest farmers, who may not have time to organise their affairs.

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