A recent report warns that Labour's proposed tax changes targeting family businesses could result in the loss of over 200,000 jobs and a £14.9 billion reduction in the UK economy by April 2030. The study, conducted by CBI Economics for Family Business UK, highlights that alterations to inheritance tax reliefs are prompting businesses to downsize, halt investments, and consider asset sales. The government is urged to reconsider these measures to prevent adverse impacts on communities reliant on family-owned enterprises.