When the summer Finance Bill was unveiled by the newly elected government one of the main headline-grabbers was the seeming introduction of a £1m nil-rate band for inheritance tax. Setting aside the details and complexities of the new rules (and when a measure adds an additional 10 pages to a Finance Bill it’s safe to assume that the details are indeed fairly complex) it’s worth taking a moment to ponder the political significance of any action on inheritance tax.
Back to the beginning
It’s hard to believe now but there was a time when it seemed that Gordon Brown was sailing serenely towards re-election as prime minister. This was in autumn 2007 when talk was of a snap general election that would deliver a mandate to the recently elevated Brown. Then something happened which caused Brown to hesitate...
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