Autumn Statement 23: IHT left unchanged after rumoured overhaul

Chancellor Jeremy Hunt delivered Autumn Statement to MPs

Jenna Brown
clock • 2 min read

Chancellor Jeremy Hunt did not include changes to inheritance tax (IHT) in his Autumn Statement today (22 November).

Addressing the House of Commons today, Hunt failed to mention IHT in his tax-cutting statement which instead focused on business tax breaks and cuts to National Insurance. IHT changes had been trailed in the weeks coming up to today's speech however he did not push ahead with the plans following backlash from campaign groups and from MPs within the Conservative party. It was previously reported that Hunt was considering cutting IHT from 40% to 20%, however, this did not materialise today. Wedlake Bell partner and head of private client Caroline Miller said: "Given its reputation as...

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