The government is considering changes to inheritance tax rules to increase revenue, potentially targeting exemptions rather than increasing the tax rate. Chancellor Rachel Reeves is looking to address a £22bn overspend and a £40bn funding gap, with possible adjustments to gifting rules and exemptions like business and agricultural property relief. Concerns arise over potential tax hikes and the impact on middle-class families, as current rules allow only 4% of estates to pay inheritance tax.
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Intel Names Lip-Bu Tan as New C.E.O. Amid Turnaround Efforts
Intel, a struggling semiconductor company, has appointed Lip-Bu Tan as its new CEO to help restore its reputation and market share. Tan, a seasoned business leader, faces the challenge of revitalizing the company after years of decline, including job cuts and loss of market value. Investors have responded positively to Tan's appointment, with Intel's stock price rising over 11% in aftermarket trading. Full Article
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