Cabinet minister speaks out amid reports that Rishi Sunak is considering cutting the levy
Inheritance tax is “punitive and unfair”, a Cabinet minister has said, amid reports Rishi Sunak, the Prime Minister, is considering cutting the levy.
The tax is levied at 40 per cent and is paid on estates worth more than £1 million for a couple.
Mr Shapps, the Defence Secretary, told Sky News on Sunday that for many people the issue of inheritance tax was a question of “aspiration”.
One official has dubbed it “the most hated tax in Britain”.