Reeves Eyes Inheritance Tax Shake-Up Amid Growing £40B Budget Gap

Reeves Eyes Inheritance Tax Shake-Up Amid Growing £40B Budget Gap

Chancellor Rachel Reeves is preparing major inheritance tax and pension reforms to tackle a £40 billion budget shortfall. New proposals include capping lifetime gifts, tightening taper relief, and making unspent pensions subject to IHT from 2027 — changes aimed at boosting revenue without raising income tax, VAT, or National Insurance.

UK Unveils Life Sciences Strategy – Pharma Industry Cautious Despite Boost for R&D

By Fidelis News | 16 July 2025 | UK News – Science & Industry The UK government has launched a major strategy aimed at strengthening its life sciences sector, with new measures designed to speed up clinical trials, attract investment, and accelerate drug innovation. While pharmaceutical leaders such as GSK, Moderna, and BioNTech welcomed the…