8 Hrs
Source:
The Guardian
Badenoch's inheritance tax plan lacks economic rationale
Kemi Badenoch has proposed a plan to significantly increase inheritance tax thresholds, allowing wealthy families to pass on properties and assets without paying tax, which could cost taxpayers around £6 billion. The policy aims to make inheritance tax less unpopular but primarily benefits the wealthiest 5%, risking economic drawbacks such as reduced housing turnover and discouraged downsizing. Experts argue that allocating such funds elsewhere could better support economic growth and public resources.
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