Taxing Futures

CONTENTS

Foreword ........................................................................................................................................................................................................................................................... 4

Executive summary..................................................................................................................................................................................................................................5

1. Introduction...............................................................................................................................................................................................................................................7

2. The effects of changes to BPR and APR on UK family-owned businesses and farms..................................................................9

3. The impacts on the UK economy and public finances..........................................................................................................................................19

4. Regional and local impacts..........................................................................................................................................................................................................27

5. Conclusion..................................................................................................................................................................................................................................................30

Appendix 1 - Methodology.................................................................................................................................................................................................................32

Appendix 2 - Input / Output model.............................................................................................................................................................................................34

Appendix 3 - Economic impact of changes to BPR & APR on the UK’s parliamentary constituencies................................35

Acknowledgements................................................................................................................................................................................................................................. 53

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