Now here’s another tax debate for the Tories to get caught up in. Appearing on the Politics Show today, Ken Clarke has suggested that the Tory plan to raise the inheritance tax threshold is no more than an “aspiration”. Here’s how the indispensable Politics Home reports it:
“Mr Clarke said Tory plans to raise the inheritance tax threshold would not be a priority if they win the next election.
Hinting plans had been kicked into the long grass, he called inheritance tax reform ‘an aspiration’ but not something they would do ‘the moment we take power’.
Asked if inheritance tax was ‘off the shelf’, he said: ‘We’ll have to consider when we get in whether we can afford to do that, in my opinion. I don’t think Labour’s going to leave us in a position where we can do that.’
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