Farmers from around the UK have called on Mr Burnham to honour his pre-election pledge to ‘look again’ at the changes to Agricultural Property Relief (APR) and Business Property Relief (BPR).
Prior to the Makerfield by-election, Mr Burnham acknowledged worries regarding IHT changes and pledged to revisit the matter if he became Prime Minister.
From 6 April 2026, the government implemented a £2.5 million cap per person on 100% relief for APR and BPR. Originally, the reforms were proposed with a £1 million threshold, but this was increased to £2.5 million following pressure from the farming community and business groups.
The Ulster Farmers’ Union (UFU) stated that the government ‘has more work to do’ to rebuild trust with the farming community.
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26/08/2026
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15/10/2026
Six months until next phase of Making Tax Digital rollout
HMRC expects that more than 1m taxpayers will be required to use digital recordkeeping and send quarterly updates to HMRC when the second phase of MTD for Income Tax is extended from 6.4.27.
Applications open for scheme to cut electricity bills for manufacturers
Applications opened on 1 October 2026 for the British Industrial Competitiveness Scheme (BICS) as part of a government project to cut costs for businesses.
Responses to Shadow Chancellor's party conference speech
On 5 October, Shadow Chancellor, Andrew Griffith, delivered his speech to the Conservative Party conference.
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