Hammond Blasted Labour’s “Shocking” Death Taxes as “Terrible Solution”

In today’s Times Rachel Sylvester reports that Philip Hammond is “raising the spectre of death taxes” to pay for social care. New death tax proposals on the table are said to include a compulsory social care levy on estates over a certain value. Sylvester says “the Tory taboo of taking money from someone after their death, along with the assumption that hard-working people should be able to hand their wealth down to their children, has been broken”. That is quite a shift from the famous Tory posters about Gordon Brown’s death tax.

When Labour proposed a levy to pay for social care in 2010 – a very similar policy to the one now reportedly being considered by the Treasury – the then Shadow Chief Secretary to the Treasury Philip Hammond warned:

“The revelation that grieving families could be forced to stump up for a massive £4.5 billion a year death tax shows what a terrible solution this is to the problem of long term care. Labour should rule out a compulsory levy now so that we can get on with finding the right solutions for helping elderly people across the country.”

He also blasted Labour’s proposal as “shocking“:

“The more we see of Labour’s death tax plans, the more shocking they will appear to people. 

And he condemned Labour for taking money from those with savings when they die:

“When you die, a Labour Government would take £20,000 from what you leave to your children and family.”

Seven years later, could Hammond really be considering this for next week’s Budget?




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Alan Sugar on Jeremy Corbyn:

“It’s clear you alluded to students refunds to get votes from young impressionable people. You are a cheat and should resign.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Exclusive: New Government Appointments in Full Exclusive: New Government Appointments in Full
Corbyn Deletes Another Wrong Tweet Corbyn Deletes Another Wrong Tweet
Everything is Awesome for Manufacturing Everything is Awesome for Manufacturing
HMT Predictions Way Off HMT Predictions Way Off
#DespiteBrexit: A Classic of the Genre #DespiteBrexit: A Classic of the Genre
Hat-Trick of Brexit Good News Hat-Trick of Brexit Good News
Guido’s Student Debt Story on Standard Front Page Guido’s Student Debt Story on Standard Front Page
Watch: Shadow Minister Makes Student Debt Promise Watch: Shadow Minister Makes Student Debt Promise
IPSO Throws Out Baroness Scotland Complaints IPSO Throws Out Baroness Scotland Complaints
100% Inheritance Tax: Stupid or Evil? 100% Inheritance Tax: Stupid or Evil?
Paul Mason’s Play in 60 Seconds Paul Mason’s Play in 60 Seconds
Sunday Shows Sunday Shows
City Confident as Hiring Rates Rocket City Confident as Hiring Rates Rocket
Watch: Best Maiden Speech of 2017 Intake Watch: Best Maiden Speech of 2017 Intake
Child Protection Investigation ‘Stalled to Help Labour’ Child Protection Investigation ‘Stalled to Help Labour’
Davis Accepts Donations from Top Blairite and TV Remainer Davis Accepts Donations from Top Blairite and TV Remainer
BBC #NotOnTheList Stars Paid Via Production Companies BBC #NotOnTheList Stars Paid Via Production Companies
Pants-Wearing Councillor Boasted He Had “Vaz in My Right Pocket” Pants-Wearing Councillor Boasted He Had “Vaz in My Right Pocket”
Champion: ‘Not Possible’ to Keep Student Debt Promise Champion: ‘Not Possible’ to Keep Student Debt Promise
BBC Rich List Revealed: Salaries In Full BBC Rich List Revealed: Salaries In Full