TAX NEWS: Lords batter Brown over trust changes. By Nichola Ross Martin
The Lords has criticised Gordon Brown's changes to the trust regime as a "back of an envelope job"
The House of Lords economic affairs committee said the way the rules had been introduced without consultation was not "the way in which tax changes should be made".
New tax rules on family trusts were announced in this year's budget and came as a massive shock to the industry, which replied by saying that over 1 million people would be forced to rewrite their wills and their inheritance planning.