Badenoch expected to announce plan to cut inheritance tax and claim UK faces ‘battle of ideas’ over spending – UK politics live
Summary
Kemi Badenoch is expected to announce a plan to reduce inheritance tax in a speech addressing government spending and the upcoming election. The Conservative party aims to show a clear difference between their approach of controlling public spending and other parties that they say want to spend more government money.Key Facts
- Kemi Badenoch will speak at a conference about inheritance tax cuts.
- Inheritance tax currently brings in around £15 billion a year for the UK government.
- The Conservative party may cut inheritance tax but not remove it entirely.
- They plan to publish a “savings plan” showing how they will pay for tax cuts.
- A recent £2.3 billion cut to employer national insurance for young people was announced by the party.
- Conservatives say there will be a key political fight about whether the government should spend more or live within its means.
- Badenoch will say the election is a "battle of ideas" over government spending and personal income rights.
- The party claims that spending money it does not have is reckless and will make people poorer.
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