British heir to JCB threatens to relocate multibillion-pound firm to the US in protest over Rachel Reeves' inheritance tax raid

British heir to JCB threatens to relocate multibillion-pound firm to the US in protest over Rachel Reeves' inheritance tax raid

Jo Bamford, son of JCB chairman Lord Bamford, said the Staffordshire-based company could relocate to the US to avoid paying a 20 per cent tax on assets worth more than £2.5m.

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