Tories To Change Inheritance Tax Rules

[mikey4444]

http://www.bbc.co.uk/news/politics

As well as cuts to Working Tax Credits and Housing Benefit, you can always rely on the Tories to do all they can to help the working class ! We are all in this together, after all !

[Svejk]

Nobody should receive in-work benefits. They found out what happens 200 years ago and amazingly(tic) nothing has changed.
http://www.victorianweb.org/history/poorlaw/speen.html

[mikey4444]

I have just seen some numbers on IHT, in todays "Times" I would like to post a link but can't, so here they are.

During 2014-2015, IHT brought in £3.8bn, and effected just 6.5% of deaths during the same period.

In 2019-20, if changes are not made, IHT will bring in £6.4bn, and effect 11.6% of deaths.

Its perfect clear from the figures above, that house prices provide the lion's share of contributions to IHT liability.

Now, perhaps I am too optimistic, but if we need to make £12bn in cuts, £6.4bn would go a long way to making a big dent in the savings needed.

Osborne may be cutting his nose off to spite his face, just to placate some of his wealthier supporters !

[ToraToraTora]

why do lefties hate tax cuts?

[retrocop]

mikey
I take it you will be flying the red flag and sing the "internationale"for this working class family who,hopefully will be parting with their benefits in the £12 billion clawback by this government.
http://www.amren.com/news/2015/03/jihadi-john-familys-20-years-on-benefits/

[Khandro]

retro; That was posted on that page exactly 4 months ago, do you know if anything has been done about this outrage?

[mikey4444]

No Retrocop, I won't, as you almost certainly could have guessed before you asked ! I am on record as being a scourge of scroungers.

But it doesn't alter the essential point that I am making with this thread.

[Zacs-Master]

Mikey, the reason I asked you to define Working Class was very pertinent to your OP:
'you can always rely on the Tories to do all they can to help the working class !'

You can indeed, as by the definition of your answer a very large proportion voted in the current govt.

[Khandro]

It was actually none other than Winston Churchill who introduced the framework for the minimum wage;
https://en.wikipedia.org/wiki/Trade_Boards_Act_1909

[mikey4444]

Zacs...if that is so, then they can't complain when their income is cut by future cuts to CTCs and WTCs, can they ?

Don't blame me....I voted Labour !

[mikey4444]

Kandro...If you are correct in what you say about Churchill, what a pity it is then, that his successors in the Tory Party never saw the need to bring in the Minimum Wage, in all the years they were in Power, especially from 1979 to 1997 !

They fought tooth and nail against the legislation brought in by Blair after his landslide Election, although they appear to have had a conversation now, rather in the manner of what happened to St Paul, on the road to Damascus.

Perhaps that they can now take up the baton, so to speak, and raise the Minimum Wage closer to a living wage.

[retrocop]

mikey @1652 (Sat)
//I am on record as being a scourge of scroungers.//
I hope that includes all our imported scroungers as well as our home grown ones.

[mikey4444]

Retrocop...I don't differentiate. If someone is a scrounger, then they are scrounging...end of story.

But my issue about IHT and WTC's has nothing to do with scroungers, domestic or otherwise. WTC is given to people who work, not who laze around on the dole.