Wednesday newspaper round-up: Inheritance tax, jobless benefits, Trump
By Michele Maatouk
Date: Wednesday 13 Aug 2025
(Sharecast News) - The Treasury is looking at ways to raise more money from inheritance tax amid growing pressure on the country's finances ahead of the autumn budget, sources have told the Guardian. Officials have been tasked with examining whether tightening rules on the gifting of money and assets could be one way of addressing a gap between revenue and spending that is estimated to reach more than £40bn. - Guardian
A group of nine human rights and freedom of expression organisations have called on the culture secretary to halt RedBird Capital's proposed £500m takeover of the Telegraph and investigate the US private equity company's ties to China. The international non-governmental organisations, which include Index on Censorship, Reporters Without Borders and Article 19, have written to Lisa Nandy arguing that RedBird Capital's links with China "threaten media pluralism, transparency and information integrity in the UK". - Guardian
Donald Trump told the boss of Goldman Sachs to "focus on being a DJ" after the Wall Street bank warned that the US president's tariff campaign threatened the American economy. In a social media outburst, Mr Trump said David Solomon should "not bother running a major financial institution" as he defended his series of duties on trading partners. - Telegraph
Labour has parked over a million working-age Britons onto jobless benefits that do not require them to look for work, official figures show. The surge since Sir Keir Starmer took office means 3.7 million Britons - or almost half of those currently claiming Britain's main unemployment benefit - are now exempt from finding a job. - Telegraph
Perplexity, an artificial intelligence start-up, is reported to have made an unsolicited offer to buy Google's Chrome browser for $34.5 billion. The bid revealed on Tuesday is unusual because it is almost double Perplexity's own valuation, which is estimated to be $18 billion, according to The Wall Street Journal. - The Times
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