Peers have warned that the government’s proposed inheritance tax reforms covering pensions could place an unrealistic and potentially unmanageable burden on personal representatives, creating widespread delays, cashflow pressures and legal risk for those administering estates.
In a report published today, the House of Lords Economic Affairs Finance Bill Sub-Committee examined the tax administration and practical implications of measures in the government’s Draft Finance Bill 2025–26. The inquiry focused on changes to the inheritance tax (IHT) treatment of unused pension funds and death benefits, alongside reforms to agricultural and business property reliefs.
One of the committee’s strongest criticisms relates to the decision to bring unused pension funds within the scope of IHT while retaining the existing six-month deadline for payment. Peers concluded that it is “not realistic” to expect personal representatives to meet that deadline, given how long pension scheme administrators typically take to provide valuations and release information.
The report warns that many personal representatives are likely to incur late payment interest through no fault of their own, because pension assets are often inaccessible within the statutory timeframe.
“It cannot be right to impose a timescale for payment of tax if that timescale is, for many, impossible to meet,” the committee said.
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Peers also raised concerns that personal representatives could become liable for IHT on pension assets they neither control nor can access, creating significant cashflow strain. The report cautions that this could deter both lay individuals and professionals from acting as personal representatives, increasing costs and delays for bereaved families.
To address these risks, the committee has called on the government to introduce a statutory “safe harbour” protecting personal representatives from late payment interest where they can demonstrate that reasonable steps were taken to meet the deadline but delays were outside their control. It also recommends extending the six-month IHT payment deadline to 12 months for pension assets during a transitional period, allowing pension administrators time to update their processes.
The report also examines the proposed reforms to Agricultural Property Relief (APR) and Business Property Relief (BPR), warning that these changes are likely to increase administrative complexity and exacerbate liquidity problems for estates.
Witnesses told the committee that many farms and family businesses are asset-rich but cash-poor, meaning that even where instalment options exist, the interaction between valuations, probate sequencing and tight payment deadlines could force asset sales to meet tax liabilities. Peers warned this could undermine future business investment and succession planning.
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The committee also heard concerns that the reforms risk creating a generational divide. While younger farmers and business owners may have time to adapt, older or more vulnerable owners have limited options, particularly due to anti-forestalling provisions that restrict the use of lifetime gifting.
As a result, the committee recommends extending the IHT payment deadline to 12 months for estates with qualifying APR and BPR assets, and urges the government to monitor the cumulative impact of the reforms over a seven-year period, especially on farmers and family-owned businesses.
Further concerns were raised about how the death of a key individual can affect business valuations for IHT purposes. The committee said the government should review how valuation rules reflect the loss of a key person and consider whether the current framework remains appropriate.
Peers were also critical of the government’s consultation process, saying the repeated late-stage changes to the proposals were the result of narrow and insufficient engagement with stakeholders, causing unnecessary anxiety and cost.
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Lord Liddle, chair of the Finance Bill Sub-Committee, said: “Our inquiry focused on how the government plans to implement these inheritance tax changes. While we welcomed some of the adjustments made at Budget 2025, significant work remains to ensure these measures function in practice for personal representatives, businesses and farms.”
He added that the committee was particularly concerned about the impact on personal representatives dealing with estates during periods of grief.
“Bringing pensions into inheritance tax risks creating significant delays and additional costs, and many of those affected may be entirely unaware of how these changes will impact them,” he said. “A recurring theme throughout our inquiry was the lack of proper consultation. We want to ensure this does not happen again.”
The report now places pressure on ministers to rethink the practical implementation of the reforms before the legislation is finalised, amid growing concern that well-intentioned tax changes could create serious unintended consequences for families, businesses and the professionals tasked with administering estates.
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Jamie Young
Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.
When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.
The war has reduced the passage of tankers through the strait to a trickle. Only 15 vessels have made the trip since Tuesday, compared to an average of almost 140 each day prior to the outbreak of the conflict, carrying a fifth of the world’s oil and gas supplies. Almost 800 ships have been left stranded in the Gulf, most of them loaded with cargo.
The team at Spectrum Technologies will watch the conclusion of the Artemis II mission this weekend knowing they played an important role
14:05, 10 Apr 2026Updated 14:06, 10 Apr 2026
Spectrum Technologies Chairman and CTO, Peter Dickinson, said the Bridgend-based laser company has played an important part in the Artemis II mission(Image: David Manton / Photodrome)
A laser company in South Wales played an important role in the Artemis II space mission after their advanced technology was used on the Orion spacecraft. Spectrum Technologies in Bridgend design and manufacture laser equipment which is used by teams in America to label the wiring on spacecrafts and aircrafts, including Orion.
There is 20 miles of wiring on Orion, made up of 2,600 individual pieces which have all been marked by Spectrum Technologies’ lasers.
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“Each wire must be marked along its entire length at intervals of just a few inches with a unique alphanumeric code,” said Peter Dickinson, chairman and chief technology officer.. It’s extremely complex electrical wiring,” he said. “They all have to be identified with a unique code otherwise it is a gigantic mess”.
Mr Dickinson said this system is the “critical first step in producing the spacecraft’s wiring harness,” and that their company is “the number one global provider for this specialist equipment. The global standard.”
Lasers from Spectrum Technologies has been used in all of the Artemis programmes and Mr Dickinson has said they will be used in Artemis III when astronauts return to the surface of the moon for the first time since 1972.
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Mr Dickinson and the team at Spectrum Technologies are all excited to watch the Artemis programme succeed and to know they made an impact.
“The whole company has been watching what has been going on and we are all excited to be part of this pivotal moment of space exploration,” said Mr Dickinson.
“I remember as a teenager watching Apollo 11 landing on the moon. It is thrilling to be involved in this latest programme to take humans back to the moon.”
Lasers from the Bridgend-based company have been used in probes that have gone to Mars and in one called Lucy which is on a 12-year mission to Jupiter with the aim of discovering more about how our solar system was created.
Financial influencer Taylor Price joins ‘Varney & Co.’ to break down how shifting your mindset can help Americans grow wealth and achieve the American Dream.
The climate of the U.S. housing market for buyers varies around the country, and a new report suggests there are currently only eight metro areas that are truly buyer’s markets.
The economist research team at Realtor.com released a diagnostic tool called the Market Clock that tracks the housing market at the national and metro level based on months of supply, time on market, price changes and list-to-sale ratio to reflect local conditions.
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It tracks the 50 largest metros in the U.S. and found in its first quarterly report that about half, or 46%, of the top markets are in balance with neither buyers nor sellers having an edge; while 26% are seller’s markets and only 16% are buyer’s markets.
The eight buyer’s markets are mostly located in the South, though there is one outlier in the West. None of the buyer’s markets were located in the Northeast or Midwest, where strong demand and restricted supply have either kept the housing market in balance or given sellers the edge.
Eight of the top 50 metro areas in the U.S. were considered buyer’s markets in the Realtor.com report. (Loren Elliott/Bloomberg via Getty Images)
For all the eight buyer’s markets, the Market Clock is at 5 o’clock, which signals they have ample supply of homes for sale with a growing number of listings and sellers lowering prices.
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Half of the buyer’s markets are located in Florida – Jacksonville, Miami, Orlando and Tampa. The others are Atlanta, Georgia; Austin, Texas; Nashville, Tennessee; and Riverside, California.
The buyer’s markets have more inventory of homes for sale and are growing the supply of housing with new construction. (Mark Felix/Bloomberg via Getty Images)
Realtor.com senior economist Jake Krimmel said that while active listings may not have risen year over year in each of the eight buyer’s markets,
“Riverside and Nashville, for instance, have seen active listings increase 222% and 330%, respectively, since high interest rates reset the market in 2022 – significantly greater than the national average of 172% since March 2022,” he said.
Miami and several other Florida cities were among the buyer’s markets in the report. (Joe Raedle/Getty Images)
The report noted that compared with June 2025, Atlanta, Austin, Nashville and Riverside all saw their position on the market clock loosen by one “hour” into an early buyer’s market from a late balanced market. Jacksonville followed a similar pattern, moving from being in balance to a buyer’s market.
By contrast, Miami, Orlando and Tampa were already early buyer’s markets in June and held steady at that level through the end of last year.
Krimmel said that prospective buyers in all the eight metros have both time and options on their side this spring, giving them the opportunity to exert leverage up to a point when negotiating prices and concessions with sellers.
More than two decades into his career, Chris Brown remains one of R&B and pop’s most consistent hitmakers, with his catalog dominating streaming platforms in 2026. “Under The Influence” stands tall as his most-streamed track on Spotify with over 1.8 billion plays, while classics like “No Guidance” and early smashes continue to rack up millions of daily streams.
Chris Brown
Brown, affectionately known as Breezy, has released more than a dozen studio albums since bursting onto the scene in 2005. His blend of smooth vocals, sharp dance moves and genre-blending production has earned him multiple Grammy Awards and a dedicated global fan base. As of April 2026, his music continues to resonate across generations, with newer releases from the “11:11” era mixing seamlessly with decade-old favorites on playlists and radio.
Compilations of his greatest hits in 2026 frequently highlight the same core tracks, though rankings vary slightly depending on whether the metric is Billboard chart performance, Spotify streams or critical acclaim. Here is a consensus top 10 drawn from current streaming data, historical chart peaks and enduring popularity.
No. 10: “Forever” (2008, from “Exclusive”) Originally created for a Doublemint gum commercial, “Forever” became an anthem for celebrations and young love. The upbeat track peaked at No. 2 on the Billboard Hot 100 and has amassed over 800 million Spotify streams. Its infectious chorus and energetic production helped cement Brown as a pop crossover star. In 2026, it remains a staple at weddings and parties.
No. 9: “With You” (2007, from “Exclusive”) Brown delivered a more acoustic, heartfelt ballad with “With You,” which climbed to No. 2 on the Hot 100. The Stargate-produced song showcased his vulnerable side and strong vocal range. It has surpassed 690 million streams on Spotify and continues to appear on romantic playlists worldwide. Critics often cite it as one of his purest pop-R&B moments.
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No. 8: “Loyal” (featuring Lil Wayne and Tyga, 2014, from “X”) A club and radio domination track, “Loyal” became a cultural catchphrase. It peaked at No. 9 on the Hot 100 but spent weeks atop urban charts. The song’s catchy hook and featured verses made it a party staple. In 2026 it still receives heavy airplay and features prominently in throwback sets.
No. 7: “Look At Me Now” (featuring Lil Wayne and Busta Rhymes, 2011, from “F.A.M.E.”) This high-energy hip-hop track highlighted Brown’s rapid-fire flow alongside two rap legends. It earned a Grammy nomination and became one of his most acclaimed rap-leaning releases. The song’s fast-paced delivery and infectious beat keep it popular among fans who appreciate his versatility.
No. 6: “Run It!” (2005, from “Chris Brown”) Brown’s debut single announced his arrival at age 16. The dance-heavy track topped the Hot 100 for five weeks and introduced the world to his smooth vocals and impressive choreography. It remains a foundational hit that defined early 2000s R&B-pop and still lights up dance floors in 2026.
No. 5: “Go Crazy” (with Young Thug, 2020, from “Slime & B”) Released during the pandemic, “Go Crazy” became a massive streaming success and cultural moment. The bouncy, feel-good track spent months on charts and inspired countless TikTok dances. It helped keep Brown relevant during a challenging period and continues to generate streams daily.
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No. 4: “Fine China” (2013, from “X”) A bold artistic shift, “Fine China” paid homage to Michael Jackson and Stevie Wonder with its retro-soul groove. The single showcased Brown’s maturity as an artist and received praise for its sophisticated production. It stands as one of his most critically respected releases.
No. 3: “No Guidance” (featuring Drake, 2019, from “Indigo”) After years of speculation about their relationship, Brown and Drake delivered a smooth, sultry collaboration that exceeded expectations. “No Guidance” became a chart smash and has accumulated more than 1.29 billion Spotify streams. Its sensual vibe and polished production made it a late-2010s R&B highlight.
No. 2: “Kiss Kiss” (featuring T-Pain, 2007, from “Exclusive”) Featuring T-Pain’s signature auto-tune, “Kiss Kiss” topped the Hot 100 for three weeks. The playful, flirtatious track captured the fun side of Brown’s artistry and became a defining song of the mid-2000s. Its energy still resonates with fans two decades later.
No. 1: “Under The Influence” (2022, from “Indigo”) Currently Brown’s biggest streaming success with over 1.83 billion plays on Spotify as of April 2026, “Under The Influence” blends seductive R&B with modern production. The track’s moody atmosphere and catchy melody have made it a favorite for late-night listening and playlists. It exemplifies how Brown’s catalog continues to thrive years after release, often outperforming newer singles in daily streams.
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Beyond these standouts, Brown’s recent work from the “11:11” album and its deluxe editions, including tracks like “Residuals,” has earned radio success and Grammy consideration. In 2026 he continues dropping new music and collaborations, keeping his output fresh while his classics maintain strong catalog performance.
Brown’s ability to evolve across pop, R&B and hip-hop has sustained his relevance. From teenage heartthrob to seasoned veteran, he has navigated personal challenges while consistently delivering hits. His dance skills, often showcased in elaborate music videos, add another layer to his artistry that fans still celebrate.
Streaming has reshaped how fans engage with his music. Playlists and algorithms keep older tracks alive, while viral moments on TikTok and social media introduce his catalog to new generations. In early 2026, Brown’s total streams across platforms continued to climb, with several songs crossing major milestones.
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Critics and fans alike note his vocal talent and production instincts. Whether delivering heartfelt ballads or high-energy club tracks, Brown demonstrates range few artists match. Collaborations with stars like Usher, Future and Drake have expanded his reach without diluting his signature sound.
As Brown approaches his 37th birthday later in 2026, his music shows no signs of slowing. Tours, new releases and constant catalog rotation ensure he remains a fixture in contemporary R&B. Playlists titled “Chris Brown Greatest Hits 2026” and similar collections on YouTube and Spotify draw millions of views and plays, proving the staying power of his best work.
For new listeners or longtime fans revisiting his discography, these 10 songs offer an ideal entry point. They capture the evolution of an artist who helped define modern R&B while pushing boundaries in pop and dance music.
Brown’s influence extends beyond charts. His style, choreography and emotional delivery have inspired countless emerging artists. In an era where streaming metrics often define success, his ability to maintain high daily streams on decade-old tracks underscores genuine fan connection.
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As the music industry continues shifting toward catalog consumption, Chris Brown’s top songs illustrate how quality songwriting and versatile performance create lasting value. Whether you’re discovering him in 2026 or have followed since “Run It!,” these tracks represent the best of Breezy — catchy, emotional and undeniably danceable.
The team at Cumbria Employment Solicitors will integrate into Sintons’ operations
Chris Welch is managing partner at Sintons LLP in Newcastle(Image: David Wood – for Sintons LLP)
Newcastle law firm Sintons has announced the acquisition of a Cumbrian solicitors firm.
Sintons said the deal for Cumbria Employment Solicitors would extend its reach across the North and represented both an extension of its geographical footprint and investment in what it called “heavyweight legal talent.”
Cumbria Employment Solicitors has been established for more than 15 years and its link-up with Sintons will allow it to add more legal services for its clients. Michael Bauer and his team will be fully integrated into the Sintons’ employment team.
Christopher Welch, managing partner at Sintons, said: “Sintons are in a period of sustained, strategic growth. We are delighted to bring Cumbria Employment Solicitors into the Sintons’ family.
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Sintons office in Newcastle(Image: Newcastle Journal)
“However, this isn’t just a talent acquisition; this is part of our strategic drive to expand into different geographic regions by partnering with people who have a proven track record whilst sharing our values of client excellence. This latest move, when coupled with our continued growth in the Yorkshire region means that we are bigger, stronger, and more capable than ever.
“When I first started to speak to Michael, I was immediately struck not only by his talent as an employment lawyer but also by his passion for his clients and for the region in which he has lived and worked the majority of his career. I knew instantly that we had found people and a firm that we could work with for the benefit of all our clients.”
Michael Bauer, partner at Sintons, added: “Joining forces with Sintons was the natural next step for us. To continue to compete at the highest level, you need the resources and backing of a larger firm.
“By joining with Sintons, we are giving our existing client base access to the range of services and to the expertise in other areas of law that only a firm of this stature can provide. We now have the right platform to drive the growth of our combined business across Cumbria whilst still delivering the excellent, and personal, service for which we are known.”
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Earlier this year Sintons toasted record revenues and the expansion of its workforce. The company, based at The Cube on Barrack Road, published accounts in which revenues rose 6.5% to £19.3m, while employee numbers rose to 180.
Britain’s high streets enjoyed a welcome lift last month as an early Easter drew shoppers back through the doors, but retailers are warning that the bounce may prove fleeting as a fresh wave of tax rises and wage costs bears down on the sector this month.
Total UK footfall climbed 2.4 per cent year-on-year in March, according to figures from the British Retail Consortium (BRC), reversing a grim start to the year that saw shopper numbers fall by 0.6 per cent in January and a chastening 4.5 per cent in February as persistent wet weather kept high streets quiet.
Yet behind the headline figure lies a more anxious story. The BRC cautioned that the Easter uplift, which arrived earlier than usual this year, fell short of what retailers had been banking on, leaving many in no mood to celebrate as April’s cost pressures begin to bite.
Shopping centres led the recovery with a 2.6 per cent rise, followed closely by retail parks at 2.5 per cent, while high streets themselves managed a more modest two per cent gain. Regionally, Manchester staged the strongest comeback, with total footfall surging by more than nine per cent, while London edged ahead of the national average at 3.3 per cent.
Helen Dickinson, chief executive of the BRC, struck a cautious note. With Easter and the school holidays falling earlier this year, she said, retailers had been expecting a stronger boost than March actually delivered. Warmer weather might help sustain momentum in the coming weeks, Dickinson added, but without a repeat lift in April the recovery was far from assured.
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Andy Sumpter, retail consultant at Sensormatic, which compiles the BRC’s footfall data, was blunter still, suggesting that March would have recorded a decline altogether were it not for the Easter effect. He pointed to a worrying cocktail of falling consumer confidence, geopolitical uncertainty and rising living costs, not least at the petrol pump, as reasons shoppers are cutting back on discretionary trips. The real test, he argued, will be whether footfall can hold up once the Easter boost fades and tougher year-on-year comparisons return.
The mood among retail chiefs has been lifted, if only tentatively, by President Trump’s announcement of a two-week ceasefire, although that deal has since been cast into doubt. The BRC noted that a reopening of the Strait of Hormuz, should it materialise, could bring global energy prices back towards more manageable levels before the bulk of companies come to renew their supply contracts.
Even so, the warning lights on the retail dashboard remain firmly on. Trade bodies representing both retail and hospitality are sounding the alarm over mounting employment costs and April’s hike to business rates, which together threaten to swallow any windfall the Easter trade may have produced.
Dickinson urged ministers to do their bit by easing the burden of domestic policy costs, arguing that lower overheads would free operators to invest in value, experience and their in-store offer, the very things, she said, that help drive footfall and breathe life into local economies.
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For Britain’s SMEs, which make up the bulk of independent high-street operators, the message from the data is unmistakable. Easter has provided a fleeting reprieve, but the structural pressures squeezing margins show little sign of easing. Whether March’s modest rebound proves to be the first swallow of summer or merely a brief interlude before tougher trading conditions return will, retailers fear, come down to decisions taken in Whitehall as much as on the shop floor.
Jamie Young
Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.
When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.
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