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.... The simple fact is that wealth does not trickle down, even in tax havens. Almost without exception these places have no taxes on wealth, so inheritance taxes and capital gains taxes are absent. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:30:42 PM
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.... But soon after her death her family were shocked to find that Sybil had changed her will in 2012, leaving the bulk of the money – believed to be more than £1m – to a local £11,000-a-year private school. A bitter dispute between the family and Manchester High School for Girls since then is just one of a growing number of battles, many involving legacies to charities, that have ballooned as soaring property values have pushed up the value of inheritances. ... [Read full article on Guardian ]
Saturday 18th of March 2017 07:00:32 AM
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. From April 6, the new family home allowance will allow homeowners to pass on an additional £100,000 in property value free of inheritance tax (IHT), rising steadily to £175,000 by 2020. ... [Read full article on Daily Express ]
Tuesday 21st of March 2017 09:51:00 PM
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....6 times annual salary, official figures show. How a £1 million inheritance slipped from our family’s grasp. ... [Read full article on Guardian ]
Thursday 23rd of March 2017 02:25:14 PM
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Latest Finance News related to Inheritance

London now 'cheaper to live than New York and Tokyo', plus Viagogo snubs MPs image
....6 times annual salary, official figures show. How a £1 million inheritance slipped from our family’s grasp. ...
Why becoming a tax haven would be bad news for Britain image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:42 PM
.... The simple fact is that wealth does not trickle down, even in tax havens. Almost without exception these places have no taxes on wealth, so inheritance taxes and capital gains taxes are absent. ...
The last call for savers to cash in on tax relief image
Source : Daily Express [Read Article] Wednesday 22nd of March 2017 12:01:00 AM
.... . Ed Monk, associate director for personal investing at Fidelity International, said that although most cannot afford to pay in such large sums, some do find extra money becomes available as they get older: “Earnings may be higher, mortgage costs lower, children have become financially independent or you may get a windfall from an inheritance. ...
Millions of older people may miss new inheritance tax break image
Source : Daily Express [Read Article] Tuesday 21st of March 2017 09:51:00 PM
. From April 6, the new family home allowance will allow homeowners to pass on an additional £100,000 in property value free of inheritance tax (IHT), rising steadily to £175,000 by 2020. ...
How a £1 million inheritance slipped from our family’s grasp image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
.... But soon after her death her family were shocked to find that Sybil had changed her will in 2012, leaving the bulk of the money – believed to be more than £1m – to a local £11,000-a-year private school. A bitter dispute between the family and Manchester High School for Girls since then is just one of a growing number of battles, many involving legacies to charities, that have ballooned as soaring property values have pushed up the value of inheritances. ...
Pension tax warning: Savers in 'last chance' to use extra relief allowance before April 5 image
....Savers are being urged to take advantage of carry forward rules to contribute to pensions before the current tax year ends. Ed Monk, associate director for personal investing at Fidelity International, said: "Of course you’ll need the money to do this in the first place, but the years before retirement are often exactly when such large sums are available, thanks to typically higher earnings, lower costs once the mortgage has been paid, children have become financially independent and possible windfalls from inheritance. ...
‘Our ability to save is non-existent’ – people respond to UK budget image
....Low returns mean McDermitt has given up on a cash Isa in favour of a stocks and shares Isa with a provider called Moneyfarm, but she suggests there is little incentive to save. “The personal savings allowance for most is a bit of an empty gesture and taxes such as inheritance tax seem so excessive, and unfair for families who’ve worked hard to provide a legacy for their next of kin. ...
Lack of pension equality for same-sex couples 'is sexual discrimination' image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:05:48 PM
....The case is being heard alongside claims by a retired part-time judge over his accumulated pension rights. Supporting the claim, the equal rights campaigner Peter Tatchell said: “It is appalling that John has to go to court to remedy this clear-cut discrimination against same-sex couples in pension inheritance rules. ...
Budget will hold no big surprises on spending or tax, chancellor says image
Source : Guardian [Read Article] Wednesday 8th of March 2017 06:33:22 AM
.... In April the personal allowance will rise to £11,500, and the basic rate limit will be increased to £33,500, meaning that the effective threshold for the 40p rate becomes £45,000. Inheritance taxOsborne’s inheritance tax giveaway, which will allow estates with gains from property sales to pass on an extra £175,000 tax-free on top of the existing £325,000, is another costly item for the chancellor to endorse. ...
Budget 2017: Philip Hammond urged to change inheritance tax rules image
Source : Daily Express [Read Article] Tuesday 7th of March 2017 02:28:00 PM
....Unused annual gifting allowances from the previous tax year can be carried forward to the current tax year. Passing on wealth before death can help people avoid the stinging 40 per cent rate of inheritance tax on assets outside the £325,000 threshold. ...
Hammond urged to tackle 'catastrophic' effect of rising inflation image
Source : Guardian [Read Article] Monday 6th of March 2017 01:13:37 PM
. Philip Hammond is being urged to scrap cuts to inheritance, corporation and income tax in order to plough money into benefits, as figures reveal the extent to which living standards are going to be squeezed by rising inflation. ...
Simplify the tax system and the ‘economy will be more efficient’ image
Source : Daily Express [Read Article] Monday 6th of March 2017 08:33:00 AM
. The body wants the Government to do away with capital gains tax, stamp duty, council tax, business rates and inheritance tax. ...
Budget 2017: No 'spending sprees', Hammond warns image
Source : BBC [Read Article] Sunday 5th of March 2017 02:20:28 AM
....Also on the Marr show was Labour shadow chancellor John McDonnell, who said the National Living Wage should be increased to give workers a "pay rise". He said this, along with reversing changes to disability benefits and a cash injection for the NHS, could be funded by reversing £70bn in corporation, capital gains and inheritance tax cuts. ...
£220,000: the price super-rich will pay to keep their privacy image
Source : Guardian [Read Article] Sunday 5th of March 2017 12:04:29 AM
.... The tax is set to rise again in April 2017 to £220,350. From then the government will close a loophole that let non-doms avoid inheritance tax if they owned property via an offshore structure. ...
Five-minute guide to the new 'death tax' coming into force next May image
Source : Daily Express [Read Article] Sunday 5th of March 2017 12:01:00 AM
....6million will pay £8,000, rising to £12,000 up to £2million. Estates worth £2million or more will pay a stinging £20,000, on top of an inheritance tax bill that could be as much as £670,000. ...
More than half of new-build homes 'have major faults', plus the best city cycle schemes image
....Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Tory £1bn inheritance tax cut ‘will worsen north-south divide’. ...
London to remain a 'magnet for global superrich despite Brexit' image
Source : Guardian [Read Article] Wednesday 1st of March 2017 01:46:10 PM
....The top concern of the superrich, according to a survey of 900 private bankers and wealth advisers, was “wealth preservation” and was listed by 66% of wealth managers’ clients. Other pressing concerns were capital growth, inheritance and privacy. ...
Jump in death fees for large estates image
Source : BBC [Read Article] Wednesday 1st of March 2017 01:05:47 PM
....". Alison Morris, partner at Wilsons, said: "HM Revenue and Customs is already seeing record levels of inheritance tax receipts, and these fee hikes are yet another stealth tax on the wealthy families. ...
Tory £1bn inheritance tax cut 'will worsen north-south divide' image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:20:48 PM
. A £1bn Conservative inheritance tax cut will exacerbate the north-south divide, an MP has warned, as figures lay bare the winners and losers of a flagship government policy. ...
Will we pay higher stamp duty on a buy-to-let property? image
Source : Guardian [Read Article] Thursday 16th of February 2017 11:10:19 AM
.... On a property costing £220,000, which is not replacing your main residence, you will face a stamp duty bill of £8,500, which is £6,600 more than the tax at the standard rate. You will also have to pay income tax at your highest rate on your share of the rental income, plus capital gains tax (CGT) if you sell the property for more than you paid for it, and possibly inheritance tax (IHT) because the property will form part of your estate on your death. ...
Here's how being married still has its financial benefits image
Source : Daily Express [Read Article] Wednesday 15th of February 2017 08:07:00 AM
....uk/ apply-marriage-allowance. Marriage also brings inheritance tax (IHT) breaks that could be worth tens of thousands of pounds, says Lucy Brennan, partner at accountancy firm Saffery Champness: “Married couples and civil partners can pass assets to their other half completely free of IHT when they die and the tax benefits can be passed on when the second spouse dies. ...
Plan ahead to ease burden of death tax image
Source : Daily Express [Read Article] Wednesday 8th of February 2017 12:01:00 AM
....Many face bills of tens or even hundreds of thousands of pounds with the hated “death tax” charged at a swingeing 40 per cent. The number of estates paying inheritance tax (IHT) leapt by 15 per cent in the last year alone and has almost doubled in the last eight years. ...
'The UK is a tax haven' – Bermuda attacks plan to end financial secrecy image
....From April 2017, however, non-doms will lose some of their advantages and foreign nationals will no longer be able to enjoy tax breaks indefinitely in the UK. Those resident in the UK for 15 out of the previous 20 years will be liable for inheritance, capital gains and income tax on their worldwide assets. ...
Life insurance: Why it now pays to be healthy image
Source : Daily Express [Read Article] Wednesday 1st of February 2017 12:01:00 AM
....It also offers savings of up to 60 per cent on whole-of-life cover, which is where you commit to paying premiums for the rest of your life. Whole-of-life can be useful to pay for a funeral or other expenses on death, or to help meet a future inheritance tax liability. ...
Final US growth figures under Obama are a triumph – for Trump  | Larry Elliott image
....5% in the previous three months. Donald Trump, therefore, has a much easier inheritance than Obama, who came into office with the US suffering its biggest slump since the Great Depression. ...
Do we need a deed of trust to reflect our shares in our house purchase? image
Source : Guardian [Read Article] Thursday 26th of January 2017 11:12:13 AM
.... However, she needs to understand that this doesn’t mean she gets back less money than she would have, merely that she doesn’t benefit from the extra money you put into the property. If you don’t want to go to the trouble or expense of drawing up a new agreement, I suggest you wait until you can each afford to pay half the improvement costs, as you would have had to do if you hadn’t come into an inheritance. ...
OAPs are using their homes to top up retirement spending image
Source : Daily Express [Read Article] Tuesday 17th of January 2017 04:00:00 PM
....Tully added there may be tax advantages in using your spare equity to fund your retirement rather than a pension. “Pensions can now be passed on as a tax-free inheritance and retirees could leave their pensions untouched and generate income from their property or other savings instead. ...
 Act NOW to slash your tax bill: Self-assessment tax returns due by end of January image
Source : Daily Express [Read Article] Wednesday 11th of January 2017 12:01:00 AM
....” . You can cut your inheritance tax exposure by making gifts of up to £3,000 to a child or grandchild, plus another £3,000 if you did not do this last year. ...
Save on tax: 10 ways to - legally - cut what you pay to HMRC  image
Source : Daily Express [Read Article] Sunday 8th of January 2017 04:33:00 PM
Inheritance tax is toxic. We need new ways to tackle inequality | Polly Toynbee image
....To those that hath, even more shall be given. That depressing biblical message is confirmed by the Institute for Fiscal Studies in today’s report on inheritance. ...
Young to inherit more but in less equal amounts, says IFS image
Source : BBC [Read Article] Thursday 5th of January 2017 11:05:09 AM
....Of those families likely to inherit that money, more than half were in the richest 20% of the population, based on their income. But Mr Johnson said raising the amount that people pay in inheritance tax was not necessarily the best answer. ...
Richest young people in UK also likely to inherit most wealth, study finds image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:01:34 AM
....“Between 2002-03 and 2012-13, the wealth of elderly households (those in which all members are 80 or older) increased by 45%, mostly as a result of higher homeownership and rising house prices,” the IFS study said. It added that 72% of those households now expected to leave an inheritance, up from 60% a decade earlier, with a sharp increase in the proportion expecting to leave a large inheritance. ...
Celebrity deaths: Stars highlight the inheritance tax risk image
Source : Daily Express [Read Article] Wednesday 4th of January 2017 12:01:00 AM
.... . Rachael Griffin, financial planning expert at Old Mutual Wealth, says: “This should serve as a reminder that inheritance tax (IHT) planning should be a new year resolution for many. ...
My wife wants to protect our children's inheritance if I remarry after her death image
....Over the last few years my wife has become concerned that if she pre-deceases me, I may subsequently remarry ‘some old scrubber’ and if I subsequently die, the joint estate would pass into the hands of such a woman, to the detriment of our children. We have had several ‘rows’ about it, and divorce is now being mentioned in order to prevent me leaving the kids’ inheritance to this non-existent woman. ...
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Oh for the 1960s! People earned less but could afford more image
Source : Guardian [Read Article] Saturday 10th of December 2016 07:00:07 AM
.... He also had a car – a Ford Popular – and a Philips television. Everything was paid for from his earned income, with almost nothing from inheritances. ...
UK luxury homes market slumps after Brexit vote image
Source : Guardian [Read Article] Wednesday 7th of December 2016 07:36:12 PM
....The firm said the reduction in sales would have a significant impact on the government’s stamp duty tax take, and estimated that receipts would be down by £500m over the last six months. It said changes that bring properties owned by non-doms into inheritance tax could take that figure to £1bn by the end of the tax year. ...
Samsung tells South Korea corruption inquiry of 'gift horse' image
Source : BBC [Read Article] Tuesday 6th of December 2016 04:03:37 AM
.... His eyes moistened when his bed-ridden father was mentioned. And he gulped when asked how much inheritance tax he had paid. ...
Class, race, wealth: Britain is a nation blighted by divisions | Rafael Behr image
.... Tricky cultural questions will be overlooked in the rush to locate social exclusion as a consequence of discrimination, inequality and austerity. On the right the muscle memory of finger-wagging blame will kick in: open borders as the root of national decline; the lazy conflation of religious conservatism and terrorist sympathy; the demand that minorities demonstrate commitment to “British values”, which will be ill-defined and muddied with a presumption that civic virtue is the automatic inheritance of an indigenous culture to which less enlightened newcomers must swear fealty. ...
Philip Hammond defends 'doom and gloom' Brexit forecast image
Source : Guardian [Read Article] Thursday 24th of November 2016 09:38:25 AM
....Speaking earlier on the programme, the shadow chancellor, John McDonnell, said Hammond had some wrong economic priorities given the uncertain economic climate. “They have given tax giveaways on capital gains tax, corporation tax, inheritance tax to the wealthy in our community and corporation, cutting universal credit to people they call Jams – just about managing – people going into work, looking after their families, doing everything they ask for,” he said. ...
The Observer view on the autumn statement | Observer editorial image
Source : Guardian [Read Article] Sunday 20th of November 2016 12:05:22 AM
....5bn a year by 2020, and keep corporation tax at its existing low rate, saving £2bn. He could also reverse Osborne’s £1bn inheritance tax cut for the very small proportion of families that own homes worth between £650,000 and £2m. ...
Writing a will isn’t a job you’ll relish, but it is a matter of life and death image
.... but knowing that your affairs are in order means you can get on living your life. With this paperwork in place, you can also make sure more of your estate goes to your loved ones rather than into the chancellor’s coffers in avoidable inheritance tax. ...
Mind the ’inheritance gap' warning as survey finds less in the pot to pass on  image
Source : Daily Express [Read Article] Tuesday 1st of November 2016 11:15:00 AM
. A fifth (21 per cent) of people aged over 50 said they have less in the pot to pass on as an inheritance to their loved ones than they had hoped, Co-op Legal Services found. ...
Taxman grabs family fortunes thanks to inheritance tax ignorance image
Source : Daily Express [Read Article] Wednesday 19th of October 2016 12:01:00 AM
.... . The survey also found that, of those who expect to leave an inheritance, the average amount is £862,856. ...
Realising your home’s potential with equity release image
Source : Daily Express [Read Article] Wednesday 5th of October 2016 10:01:00 AM
....”. Pensioners taking advantage of their property wealth on average are gifting around £39,350 to their family, Mirfin says, effectively forwarding an advance on their inheritance. ...
How to stop loved ones falling into pensions poverty image
Source : Daily Express [Read Article] Wednesday 5th of October 2016 08:03:00 AM
....”. Pensions are a particularly good way of passing on wealth to your family because the money is exempt from inheritance tax. ...
I won’t miss help to buy. It only made the housing market worse | Jonn Elledge image
.... This was an official statement as to who help to buy was for. And the government chose a couple who could have bought anyway, through their inheritance. ...
Here’s how over-55s can plan for the future with Free Wills Month image
Source : Daily Express [Read Article] Wednesday 28th of September 2016 12:00:00 AM
....“Sometimes, you will need to make two wills – one in the UK and one abroad – and the two must be consistent. ” Your property may even be subject to foreign inheritance tax. ...
Struggling to get on the housing ladder? Why not buy with friends image
Source : Guardian [Read Article] Monday 26th of September 2016 05:59:22 AM
.... One of the biggest issues they needed to address before buying was how best to structure the purchase. “As Hanna was putting down a greater share of the deposit – as she had an inheritance – we decided to buy the property as ‘tenants in common with unequal shares’,” says Hartley. ...
Paying a high price for divorce: Here's how to ease the financial pain image
Source : Daily Express [Read Article] Sunday 25th of September 2016 06:20:00 PM
.... It is even trickier for those on their second or third marriage, especially if they have wealth from before. Many older people starting a new relationship now set up prenuptial agreements to protect their assets and children’s inheritance. ...
Planning ahead for the future can help you avoid pitfalls image
Source : Daily Express [Read Article] Wednesday 21st of September 2016 12:11:00 PM
.... . Both can claim pensions and ISA tax benefits, and use their individual allowances to reduce capital gains tax or inheritance tax bills. ...
How to hide it: inside the secret world of wealth managers | Brooke Harrington image
Source : Guardian [Read Article] Wednesday 21st of September 2016 05:00:17 AM
....James, from London, specialises in protecting elderly clients from exploitation by relatives. He told me: “I do deal with some tricky families … It’s about being there for the person and being someone they can rely on, often beyond the way that the person can rely on their own flesh and blood, because we don’t stand to get an inheritance from them. ...
Pensioner property wealth in Britain hits a MASSIVE £1 trillion image
Source : Daily Express [Read Article] Sunday 18th of September 2016 12:01:00 AM
....The other way to liberate your property wealth is with an equity release scheme, which allows you to raise funds against your home while retaining the right to live there for the rest of your life. The debt is cleared from your property sale when you die, with any surplus going to your family as an inheritance in the normal way. ...
Inheritance tax payments on course for RECORD HIGH, new research suggests image
Source : Daily Express [Read Article] Tuesday 6th of September 2016 05:19:00 PM
.... . Gareth Shaw, head of consumer affairs at Saga Investment Services, said: “The latest figures suggest that 2016 will be a record year for property sales exceeding the inheritance tax nil-rate band. ...
Can you still afford to buy a property overseas? image
Source : Daily Express [Read Article] Sunday 4th of September 2016 12:01:00 AM
....Martin Dell, founder of Spanish property website Kyero. com, says property rights, tax and inheritance issues will largely be unaffected by Brexit: “However, British pensioners overseas could lose access to local state healthcare and may need to fund some kind of private cover themselves. ...
Dukes and other super-rich are not the only ones who can reduce death duties image
. When the 6th Duke of Westminster died this month, his son Hugh Richard Louis Grosvenor took on not just his father’s title but also an inheritance estimated at £9bn. ...
Pensioners releasing equity from homes to help kids onto property ladder image
Source : Daily Express [Read Article] Tuesday 23rd of August 2016 07:08:00 PM
....uk, while a small number of very generous retirees give more than £100,000. The firm’s technical director Dean Mirfin said grandparents see it as an early inheritance: “Attitudes are now changing. ...

A duke's wealth is the natural result of a free society - and should be celebrated
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....” This is true so far as it goes, but is merit much easier to adjudicate than need? Besides, it does not reflect the full reality. The truth is that some people are richer and more successful than others for a wide variety of reasons – luck, ability, upbringing, health, inheritance, education, marriage, even looks (as in “Her face is her fortune”). ...
Duke's £9bn inheritance prompts call for tax overhaul image
Source : Guardian [Read Article] Thursday 11th of August 2016 07:40:43 PM
....Thanks to a series of trusts, which are thought to date to the death of the 2nd Duke in 1953, Hugh and his three sisters will avoid having to pay the 40% levy ordinary families are faced with when parents die. “For people who are really wealthy, inheritance tax has become an optional choice,” said John Christensen, director of the Tax Justice Network. ...

Hillary Clinton says Donald Trump's tax plan would save his own family $4 billion 
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....Hillary Clinton said Donald Trump's tax plan for America would save the Trump family "at least $4 billion" and give trillions of dollars in tax cuts to "people like himself". Mrs Clinton targeted her opponent's proposal to abolish the estate tax, known as the "death tax", which is only paid on inheritances over $5. ...

If a girl is to the manor born, why can't she inherit it all?
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Source : Telegraph [Read Article] Thursday 11th of August 2016 09:15:00 AM
....I once asked the daughter of an earl why the rules of primogeniture were so unfair. Most of us would want to treat our children fairly in matters of inheritance, but with the gentry, it’s winner takes all: by tradition, everything goes to the first-born male, the family seat along with the title. ...
My partner wants a divorce – can he take 50% of my house? image
Source : Guardian [Read Article] Thursday 11th of August 2016 06:00:30 AM
....Currently, the courts generally try not to make orders that require former spouses to share “non-matrimonial” property. This means property acquired by gift or inheritance or acquired before marriage or civil partnership, and that would seem to exclude the house you bought before you got married. ...
Grosvenor Estate structure protects fortune from HMRC image
Source : Guardian [Read Article] Wednesday 10th of August 2016 06:33:24 PM
.... “In a discretionary trust you have a whole pick list of potential beneficiaries which the trustees can choose to appoint benefits to, but no individual beneficiaries can demand money. Money can stay in the trust and cascade down generation to generation for up to 120 years and nobody pays inheritance tax on it. ...
Reynolds painting accepted in lieu of £4.7m inheritance tax image
Source : Guardian [Read Article] Wednesday 10th of August 2016 02:03:18 PM
....An important 18th-century portrait of the 5th Earl of Carlisle by Sir Joshua Reynolds has been accepted for the nation in lieu of £4. 7m inheritance tax. ...
Pensioners need BETTER protection against financial abuse - here are the warning signs image
....WARNING SIGNS THAT SOMEONE MAY BE ABUSING SOMEONE ELSE'S FINANCES:. • Increased interest in protecting an inheritance. ...

Pretender to France's non-existent throne embroiled in succession row 
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Source : Telegraph [Read Article] Tuesday 9th of August 2016 01:04:02 PM
....He invokes “French monarchical tradition” to support his claim that if the rightful heir is unable to govern, a regent must be appointed. It is not the first time the modern-day House of Orléans has squabbled over inheritance. ...
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The perils of being a Duke: nosy tourists at your castle
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Source : Telegraph [Read Article] Tuesday 2nd of August 2016 08:30:00 PM
....Ralph Percy, the 12th Duke of Northumberland who inherited his title in 1995, has spoken of some of the hardships of one of Britain’s grandest estates, after his young family were left feeling imprisoned by crowds of curious tourists. Saying his inheritance was “terrifying”, bringing with it the pressure of keeping the estate running, the Duke disclosed castle life “didn’t really work” initially. ...
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Pension freedoms under threat for millions of final salary savers
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Source : Telegraph [Read Article] Sunday 31st of July 2016 09:00:00 PM
....It would come at a time when record numbers of final salary savers are already cashing in their funds since the Government's pension freedoms were introduced last April, with some firms reporting requests from 14 times more customers than the previous year. The freedoms made final salary transfers more appealing as the new rules let savers spend their money freely instead of buying an income - and lets them hold it free of inheritance tax. ...

Minnesota judge denies 29 claims in Prince inheritance battle
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Source : Telegraph [Read Article] Saturday 30th of July 2016 12:57:05 AM
. A Minnesota judge has excluded nearly 30 would-be heirs from the estate of the late pop star Prince, bolstering the inheritance claims of the performer's sister and surviving half-siblings, probate court records released on Friday showed. ...

If Jeremy Corbyn is the problem, why is Owen Smith so keen to copy him? 
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....He may have been loathe to boil these down to five points - as that is what Tony Blair and Ed Miliband did - but the blizzard of pledges can't hide the fact that his platform is a pale imitation of Corbynism. The man who is meant to set out an alternative to Mr Corbyn shares his desire to reintroduce the 50p top rate of income tax, bring in a wealth tax and reverse the Conservatives' cuts to corporation and inheritance tax. ...

Early election? Theresa May must fantasise about the prize of trouncing Labour
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.... Cameron had enraged his own MPs over grammar schools in May 2007, and his leadership crisis only deepened after Mr Brown became prime minister. In the end, Mr Brown famously shrank back from calling an election in October, at least in part because he was spooked by George Osborne’s announcement of an inheritance tax cut and Mr Cameron’s bullish conference speech. ...

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