22 March 2009

Sunday Bloody Sunday for the Tories

Ken Clarke has now stated what Steve Richards reported earlier this week, that Tory plans to raise the inheritance tax threshold would not be a priority if they win the next election.  He also defended his party's decision over the 45p top rate of tax but admitted the move would not raise much money.

Later a spokesman for the Tories said that the raise to the inheritance tax threshold would be in the manifesto but there would not be a commitment to when it would be introduced.

The problem for the Tories is this tax debate is now being media driven and they have lost control of when these announcements were to have been made.  Cameron needs to move fast on Monday to clarify the situation otherwise he will lose control of his own agenda.

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