I wish this U-turn had been for the right, or for even vaguely altruistic reasons. For instance, ‘we’re using those funds to pay for a bit of social care and free-up some hospital beds, treat refugees vaguely humanely and triple-lock increases to benefits as well as pensions’. It was forced upon them, of course, by the many MPs, especially the Red Wall brigade, terrified of losing their seats having heard the PM’s disastrous interviews with local radio stations in the run-up to the conference (well worth a listen, the lesson being ’never assume’). Kwasi’s hob-nobbing with City types in the aftermath of the announcement last week didn’t help the cause, but perhaps they weren’t that bothered anyway, as markets rose rather than fell when the reverse-gear-change was announced. A silver, or perhaps vaguely bronze, lining.
“Inheritance tax on course for record year of receipts (again) amid calls to scrap it”
Will he/won’t he abolish Inheritance Tax? The Pre-Budget rumour is still out there, perhaps ‘running it up the flagpole to see if it catches the wind’, or perhaps to distract from other rabbits which may be pulled from Jeremy H’s figurative hat.
