Speculation remains rife over a Labour leadership challenge, but financial advisers who may have been hesitant to prepare have been warned not to expect an inheritance tax (IHT) on pensions U-turn from any potential candidates should the UK get a new prime minister.
While a full reversal is unlikely, any new leader and chancellor – or the current leadership – have nevertheless been urged to make revisions that would make the process easier without cutting down on tax revenues. The words of caution mixed with calls for change come as Manchester mayor Andy Burnham is set to stand in the Makerfield by-election on 18 June. Should he win the seat, he is widely expected to challenge prime minister Keir Starmer for leadership of both Labour and the UK. Other speculated on contenders for the top job include Wes Streeting, Ed Miliband and Angela Ra...
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