The prime minister is looking at scrapping inheritance tax.
Under plans being worked up in Downing Street the 40% tax on estates worth more than £1m would be phased out over time if the Conservatives won the next election.
Senior cabinet minister, Grant Shapps, has said the tax is “punitive” and “deeply unfair”, with speculation that an announcement could be made at next week’s Conservative Party conference in Manchester.
Labour claimed the inheritance tax move would save Sunak’s own family almost £300m while the vast majority of households will not benefit.
