Weaponising Britain's inheritance tax is bad economics

The mere existence of the tax creates considerable stress and expense for grieving families, even where there is no conceivable likelihood of them having to pay it. (Image: Bloomberg)

Bloomberg

Sat, 27 Jan 2024

By Stuart Trow Inheritance tax is emerging as one of the clearest points of difference between the Labour and Conservative parties as they jostle for voter attention ahead of the next election. Yet just because their views are diametrically opposed doesn’t mean that either has a monopoly on good economics.Barely a week goes by without a report that Prime Minister Rishi Sunak is considering scrapping what’s been dubbed Britain’s most hated tax. And, to be fair, the antipathy toward inheritance tax is invariably reflected i...

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