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Cameron moves to end IHT confusion

Conservative leader David Cameron has been forced to insist that his pledge to increase the inheritance tax threshold stands firm after suggestions that the Tories had done a U-turn.

Shadow Business Secretary Ken Clarke caused confusion over the weekend when he stated that raising the threshold to £1m was only an “aspiration” due to the economic crisis.

Clarke later backtracked and reaffirmed that the Tories were committed to raising the inheritance tax threshold in the first term of a Conservative government getting into power.

Cameron was forced to step in and clear up the confusion by insisting that the pledge would be included in the party’s manifesto for the next general election.

Liberal Democrat Shadow Chancellor Vince Cable says: “Ken Clarke’s comments are further evidence of the disarray and confusion which has characterised the Conservatives’ tax policy and their response to the economic crisis.”

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