A family shouldn't have to sell the farm or the business they've built over generations just to pay an inheritance tax bill. Or worse get a loan from the Bank to pay the Tax. That's not fair, and it's bad for Britain.

The plan is to guarantee that genuine working farms and UK trading businesses are completely protected from Inheritance Tax. We will lock in these vital reliefs to give these families the certainty they need to invest for the future.

This protection is for real, productive enterprises only. It will not be a loophole for passive country estates or investment portfolios. It’s about protecting jobs and our national heritage, without it being a shelter for wealth.