Osborne and Heseltine say scrapping HS2 Manchester link would flag UK’s decline to world
At the weekend the Sunday Times said that Rishi Sunak is considering getting rid of inheritance tax. In their splash, Caroline Wheeler, Tim Shipman and Harry Yorke said:
Three sources confirmed that there is a live discussion at the highest level of government about reforming inheritance tax. One proposal being considered is for Sunak to announce his intention to phase out the levy by reducing the 40 per cent inheritance tax rate in the budget in March, while setting out a pathway to abolish it completely in future years.
However, government insiders are clear that there are political gains to be made this side of an election. “This is the most hated tax in Britain, according to the polls,” the source said. “It’s the most hated tax at every income. A lot of people don’t know that they won’t pay it. People also feel it is just wrong to tax people on income that has already been taxed — and at a time when they are grieving.”
I never would comment on tax speculation, of which there is always plenty.
What I would say is that the most important tax cut I can deliver for the British people is to halve inflation.
