Tough PBR for entrepreneurs

Last week's Pre-Budget Report contained the usual mishmash of policies, with IHT and CGT taking the ...

Last week's Pre-Budget Report contained the usual mishmash of policies, with IHT and CGT taking the majority of headlines. Most of the initial focus was on IHT, mainly because of the Tory accusations of policy theft. In the longer-term, the numbers quoted now are probably less significant than the Chancellor's promise to consider house prices when setting future limits. This would limit the impact of house price inflation, which looks set to remain an issue for the foreseeable future, however high IHT thresholds are set. Potentially more significant for the financial services industry a...