Editor's view: Feeling the heat

The editor's Friday Night Takeaway from 29 May

Jen Frost
clock • 2 min read

Temperatures this week soared to a new UK May record – of 35.1ºC, logged in Kew Gardens – and it wasn’t just the general public who were feeling the heat.

Criticism and concerns on the government's inheritance tax (IHT) on pensions and cash ISA limit changes (in the latest update, the chancellor is reportedly looking to bring in a 22% levy on cash interest in stocks and shares ISAs) continued to pile in. On IHT on pensions, Nucleus technical services director Andrew Tully argued that HMRC is looking to "have its cake and eat it". The heat that the government may feel on financial policy changes, though, may pale to the pressure its leadership in now feeling from within its own party. With Manchester mayor Andy Burnham set to stand in...

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