Mick Fern

If Sunday Times is correct that Sunak wants to abolish inheritance tax, this quote in its scoop from a government insider is just priceless, by way of justification for the tax cull: “a lot of people don’t know that they won’t pay it”. The point, which this government adviser thinks few people know, is that the tax is only payable on estates worth more than £1m, for most families. So the PM would be campaigning to give a tax break for a minority, predominantly in London and the rich south, but his colleagues apparently think the vast majority won’t notice