Tax & Spend
Britain May Cut Inheritance Tax at Next Week’s Budget
- Next week’s budget is ‘turning point for the economy’
- Tories under pressure ahead of election expected in 2024
The headquarters of HM Treasury in Westminster.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
The UK’s Conservative government is looking for ways to cut taxes without reigniting inflationary pressures, amid reports that it may reduce inheritance levies in next week’s budget.
Chancellor of the Exchequer Jeremy Hunt told the Telegraph newspaper that the Autumn Statement, to be delivered on Nov. 22, would focus on growth. “It’s a turning point for the economy,” he said.