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Tories commit to IHT reduction after Clarke blunder

Conservative Shadow Business Secretary Ken Clarke says the Tories will abolish inheritance tax on estates under £1m if the party gets into power.

Clarke was forced to reaffirm the Tories’ commitment to the policy after he raised doubts over whether it would be implemented.

He had said that raising the threshold for the tax was only an “aspiration” due to the economic situation.

Following his initial comments which he made to the BBC, Clarke then issued a statement saying that the Tories were committed to raising the inheritance tax threshold in the first term of a Conservative government getting into power.

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.”


Indiana Darling and Temple of Boom

Chancellor Alistair Darling was told by MPs last week that he must he become more “Indiana Jones” in leading the country out of the financial crisis.Giving evidence before the Treasury select committee, Darling was challenged over the Government’s handling of the economic turmoil. Labour MP for Newcastle Central Jim Cousins said to Darling: “If you […]

Regulator hits back at Tories’ twin peaks plan

Conservative proposals to split the FSA into two separate bodies have been rejected by the regulator which insists that a “twin peaks” approach to regulation would not have avoided the economic crisis.

FTSE retreats after early gains

The FTSE 100 has closed 0.31 per cent higher at 3,817, following a promising open of 3,812 with late retreats wiping out earlier gains in the financial sector.


Neptune video: UK economy: a sustainable recovery?

After years of a slowly brewing economic recovery, the UK has seen a strong rise in growth in recent months. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses the strength of this recovery and whether it is sustainable.

In the video, Martin addresses the following:

• Structural features supporting the UK economy
• UK mid-caps and the potential for M&A activity
• Valuations and opportunities in house builders


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