New inheritance tax rules for farmers could be changed to make it easier for those 80 and over to hand down their farm without it incurring the tax, in what would be a partial climbdown by the government after a bruising row with farmers and a huge protest march in Westminster on Tuesday. The Treasury is understood to be assessing the impact of changes, including amending gifting rules for over-80s so they can pass on their farm to their family without having to live for seven years after making the gift. – Guardian

London open The FTSE 100 is expected to open 44 points higher on Friday, having closed up 0.79% on Thursday at 8,149.27.

Sneaking a little ahead of line to get on that plane faster? American Airlines might stop you.

The company, which employs around 130,000 workers in the UK, said the jump in costs meant reforms to its universal service obligations - which currently requires it to make first-class deliveries six days a week - are "more urgent"

The Guardian reported the Labour Party government is floating a change to the new IHT rules to make it easier for those 80 and over to pass down their farm to loved ones without incurring the 20 per cent levy.

Passenger services from Ashington and Seaton Delaval to Newcastle will start this year, but work on Newsham station is ongoing