The inheritance tax threshold was frozen until 2026, but it has been reported that Chancellor Rishi Sunak could be looking at ways to increase tax intake from various forms of wealth taxes, including Britain’s most hated tax- inheritance.

Sam Collins, Policy Advisor at the IEA, was quoted in the Daily Express warning: “ Instead of increasing the tax burden on businesses and individuals, the Chancellor should go for growth and take radical steps to simplify our tax code – leaving more money in the hands of individuals, families and businesses.”

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