Tories move to abolish inheritance tax

Inheritance tax remains an emotive issue, with neither Tory nor Labour proposals finding adviser approval as housing prices continue to escalate

The Conservative party sparked debate in the financial services industry last week, with a report from its Economic Competitiveness Policy Group recommending the abolition of inheritane tax to boost Britain's economy. The report, Freeing Britain to Compete, was commissioned in 2006 by party leader David Cameron and co-chaired by former cabinet minister John Redwood. Cameron wanted to address Britain's supposed economic stagnation compared to other countries with lower rates of personal and corporate taxation. The report's stated aim was to "reverse the decline in Britain's competitivenes...