David Blackburn

The Tories, money and inheritance tax

Key to Labour’s emerging strategy is promulgating the myth that raising the inheritance tax threshold is designed to protect the Tories’ rich friends from the great unwashed. Despite its sojourn in the wilderness, the politics of envy remains crude at best. Raising IHT thresholds favours hardworking, modest Middle England.

The super rich can protect their fortunes without the help of threshold raises, which are negligible by their standards in any event.

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