Sharon Graham, the Unite general secretary, says direct action is being considered to save UK jobs

Britain’s income from inheritance tax is on track to hit a record this financial year, having risen around 10%.

Inheritance Tax receipts for April 2024 to January 2025 are now £7.0bn, new data from HMRC shows, which is £700m higher than the same period last year.

“The inheritance tax creep crawls ever higher, hitting £7bn so far this tax year. This puts it well on track to surpass the £7.5bn record that it hit a year earlier.

With government plans to include pensions in the net for inheritance tax from 2027 and thresholds remaining frozen, the tax take is only going to get higher.