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Article: INHERITANCE TAX: TORY CLIMBDOWN; Flagship policy no longer a priority says Ken Clarke.(News)
- Article from:
- Daily Mail (London)
- Article date:
- March 23, 2009
CopyrightCOPYRIGHT 2009 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: James Chapman Deputy Political Editor
A TORY pledge to ease the burden of inheritance tax has been put on the back burner, it emerged yesterday Shadow business secretary Kenneth Clarke downgraded the plan to scrap the tax on estates worth less than [pounds sterling]1million to an 'aspiration'.
It would be implemented in the first term of a Tory government, but not in the first Budget. Mr Clarke said the priority would be seeking to reverse Labour's planned National Insurance rises on anyone earning [pounds sterling]19,000 or more from 2011.
When it was announced in 2007, the inheritance tax proposal was credited with turning round Tory ...