Archive · Guardian World
Badenoch’s inheritance tax gambit makes no economic sense | Heather Stewart
The Tory leader’s proposal to slash the tax would shovel £6bn of taxpayer money to the already-wealthyKemi Badenoch’s inheritance tax gambit is a Conservative classic. After all, it was George Osborne’s high-profile pledge to “take the family home out of inheritance tax” in 2007 that put Gordon Brown off calling a snap general election.In practice, Osborne’s plan involved a £1m threshold for inheritance tax – and given the global financial crisis had blown a hole in the public finances by the time the Conservative-Lib Dem coalition came to power in 2010, it never came to pass. Continue reading...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Guardian World →