Rishi Sunak declined to comment on speculation that he is drawing up plans to slash inheritance tax.
RISHI Sunak has declined to comment on speculation that he is drawing up plans to slash inheritance tax.
One proposal reportedly being considered is for Sunak to announce his intention to phase out the levy by reducing the 40% inheritance tax rate in the budget in March, while setting out a pathway to abolish it completely in future years. “We are making progress, we saw that in the most recent numbers. The plan is working, but we have got to stick to the plan to bring inflation down and that is the best way to help people with the cost of living.”
Chancellor Jeremy Hunt is in a “fiscal straitjacket”, Shapps said, indicating that immediate changes in November’s autumn statement were unlikely.
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