Scrap inheritance tax: Conservative economic report

The policy group, chaired by former cabinet minister John Redwood and chief executive of Next fashion group Simon Wolfson, has issued its final report entitled ‘Freeing Britain to Compete’ which suggests that the party “regulate less and tax less”. The report claimed: “Inheritance tax is not a popular tax. This has become even more true as the swift rise of house prices in much of the country has resulted in many people, who could not in any sense be described as rich, suddenly finding that their family will be liable to pay quite substantial amounts upon their estate. We recommend the abo...