TaxAdministrationInheritance tax reform ruled out by Brown

Inheritance tax reform ruled out by Brown

Chancellor Gordon Brown has ruled out a reform of inheritance tax in next month's Budget despite pressure from a variety of interest groups.

Link: Tax is ‘the’ election issue

Brown seems determined not to risk upsetting a finely balanced economy, reports the Financial Times.

A Treasury spokesman said yesterday: ‘The chancellor has made clear we will take no risks with stability and we must not repeat the mistakes of the past. We will maintain our discipline on the public finances and there will be no irresponsible pre-election giveaways.’

It means that reform urged by the Institute for Public Policy Research, a Labour-backed think-tank, will be ignored by Brown.

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