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Vapes to be taxed for first time as tobacco and wine duty rise

New levy on e-cigarettes, which have soared in popularity, will take effect in 2026
World - Financial Times - October 30
Farmers with assets over £1mn hit by inheritance tax reforms

Industry counters that Budget cap will hammer agricultural businesses that are asset-rich but cash-poor
World - Financial Times - October 30
Closure of UK inheritance tax ‘loophole’ to penalise estates of wealthy pensioners

Experts say big tax bills could result from Rachel Reeves’ move in the Budget
Business - Financial Times - October 30
Rachel Reeves’ budget leaves her little room to manoeuvre

Bet on long-term improvements will make spending review in 2027 a crunch time for the government
World - Financial Times - October 31

Vapes to be taxed for first time as tobacco and wine duty rise