Our esteemed PM Rishi Sunak is facing yet another Tory rebellion. Now the right-wing of the party is demanding inheritance tax is scrapped all together.
Nadhim Zahawi, sacked as Tory chairman over his own shady tax dealings, is leading the charge.
There are over 50 rebels calling for the change.
Who else is in this motley crew? Mega-rich Jacob Rees-Mogg, Priti Patel and also lettuce loser Liz Truss.
Inheritance tax
Writing in The Telegraph Mr Zahawi said: “Inheritance tax is that other spectre that haunts us alongside death.
“As well as being morally wrong to take someone’s assets on their death, it also creates all sorts of inefficient and damaging distortions in our personal finances, and the wider economy.”
He added: “The Prime Minister and the Chancellor are doing admirable work to help people through a global inflationary spike and war on our continent.
“By abolishing inheritance tax, they can show that they back families in their desire to pass on their hard-earned savings to the next generation.”
Couldn’t make it up
Inheritance tax – a 40% charge on property above Government-set thresholds – raised more than £7billion for the Treasury last year.
Prof Colin Talbot might sum this up for you?
“Have I got this right?
“Nadhim Zahawi was sacked for failing to disclose he was being investigated by HMRC for tax dodging.
“Now he wants to change the rules to make it easier to dodge inheritance tax?
“Couldn’t make it up?”
Here is one thread on the matter which might balance the argument the other way, but it might well make no difference, but it is only fair.
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Reactions
These people REALLY don’t want this idea to come into place.
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Charles isn’t bothered either way!
Related: Brexit: Starmer tells Express no return to EU – uncontrolled reactions
