Rachel Reeves confirmed the news during her Budget speech on Wednesday lunchtime

All payments from the Infected Blood scheme will be exempt from inheritance tax, Rachel Reeves said during her Budget speech on Wednesday. The Chancellor also committed to transferring the Investment Reserve Fund of the British Coal Staff Superannuation Scheme to its members.

She told the Commons: “I will not allow the legacies of Conservative neglect to stain our society. Last year, I made changes to the Mineworkers’ Pension Scheme to ensure its members receive the fair pensions they are owed.

“This year, and with thanks to the Minister for Pensions for all his work on this subject, I can go further. Today, I can announce that I will transfer the Investment Reserve Fund of the British Coal Staff Supe

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