Read our privacy policy Thanks for signing up to theView from Westminster email {{ #verifyErrors }} {{ message }} {{ /verifyErrors }} {{ ^verifyErrors }} Something went wrong. The OBR estimated the reforms would cut around £3bn from the welfare bill. Asked about the plans, the prime minister’s official spokesperson said: “We need to take action to get more people into work. Inheritance tax is typically charged at 40pc on assets above a £325,000 threshold when a person dies. “We will deliver the change the country needs; supporting those who can work, into work, and delivering growth in every part of the country.”

Source: The Times October 18, 2024 17:00 UTC