Jeremy Hunt draws up plans to reduce IHT in Autumn Statement

Prime minister Rishi Sunak and the chancellor are in talks to slash the rate of tax from 40%. The proposal, which has been under discussion for months, is "likely" to be announced next week after increased parliamentary pressure. The potential cut in inheritance tax is expected to be a key highlight of the Autumn Statement. AJ Bell head of personal finance Laura Suter said: "It would not be a fiscal update without numerous rumours and leaks in the week ahead - and this year's Autumn Statement is no different. "Fresh off the back of clinching its inflation reduction target, it ap...