So Why Won't the Tories Promise to Cut This Nasty Tax? ; As a Key Blair Ally Challenges Gordon Brown to Abolish Inheritance Duties . . .
Linked as:
Summary
STEPHEN Byers has aimed a grenade at the Treasury and Gordon Brown in proposing the abolition of inheritance tax. The former Cabinet minister presumably believes he has the support of his patron, Tony Blair, for mounting his rather audacious ambush.
Unfortunately, there is not much reason to believe that the Chancellor will be brought to his senses. Since 1997, Mr Brown has shown very little regard for the hundreds of thousands of ordinary middleclass people who are being drawn into paying a tax that was originally targeted at the rich.See the full content of this document
Extract
So Why Won't the Tories Promise to Cut This Nasty Tax? ; As a Key Blair Ally Challenges Gordon Brown to Abolish Inheritance Duties . . .
Ten years ago the average price of a house in this country was Pounds 60,000, and the threshold at which inheritance tax became payable was Pounds 200,000.
Now the typical house costs some Pounds 170,000 - in London and the South-East it is more like Pounds 300,000 - while the threshold has crept up only to Pounds 285,000....See the full content of this document
Sponsored links
