The government is set to impose a £95,000 "stealth tax" on inheritance to help pay for care for the elderly, according to the Sunday Times.
The report said the Treasury will freeze the amount that people can inherit free of tax, rather than raise it in line with inflation to help fund the introduction of a £75,000 cap on social care costs....
Simon Gergel, manager of the Merchants investment trust, forecasts a much tighter oil market this year and beyond, with a return to higher prices at some point.
The New Year started, as always, with a flurry of forecasts for the next 12 months. But with equity markets having one of their worst starts, a number of commentators have not had to wait as long as usual for some of their forecasts to look a touch optimistic.
To remain as consultant to firm
Ex-pensions minister sounds stern warning
Combined business will have £11.2bn AUM