Writing the summary…
Badenoch says Tories would scrap inheritance tax on family homes

Follow this story
Earlier reports and follow-ups on the same developing story.
Related stories

Ella Baron on the Greens’ new ‘Zionism is racism’ policy – cartoon
The party’s new policy reflects ignorance of Zionism and does nothing to advance Palestinian self-determination.

Badenoch’s inheritance tax gambit makes no economic sense
The Tory leader’s proposal to slash the tax would shovel £6bn of taxpayer money to the already-wealthy Kemi Badenoch’s inheritance tax gambit is a Conservative classic. After all, it was George Osborne’s high-profile pledge to “take the family home out of inheritance tax” in 2007 that put Gordon Brown off calling a snap general election. In practice, Osborne’s plan involved a £1m threshold for inheritance tax – and given the global financial crisis had blown a hole in the public finances by the time the Conservative-Lib Dem coalition came to power in 2010, it never came to pass. Continue reading...

Reform clears its own officials of breaking party funding laws despite police investigation
Internal inquiry clears Dan Jukes and James Orr, who were filmed talking about scheme involving US donor Reform UK has cleared two senior officials of breaking laws that ban foreign donations, despite the matter remaining under police investigation. The party published a 27-page report of an internal inquiry finding that Dan Jukes, Nigel Farage’s press adviser, and James Orr, its head of policy, had not breached funding rules. Continue reading...

‘I reside in Monaco’: billionaire said to have quit UK over potential wealth tax had already left
TaxWatch contradicts claims about David Reuben’s departure and questions stories of super-rich exodus Apparent exodus of super-rich suggests UK is no longer billionaires’ playground When the Sunday Times broke the news that David Reuben, one of the richest men in the UK, had apparently fled to the tax haven of Monaco, there was much pearl clutching. Reuben had moved from his Holland Park house in London to live full-time in the principality. Labour’s tax regime was blamed and there were said to be fears there would be a cascading effect across the economy, with wealth draining from the UK. It was reported that he had probably left because of potential taxes on wealth in the upcoming budget. Continue reading...

M&S Kemi: can the Tory leader win over core vote? – podcast
Kemi Badenoch has promised to ditch inheritance tax on family homes if elected as prime minister, leading to criticism that she is prioritising the rich over the poor. Plus, the pollster and UK director of More in Common, Luke Tryl, joins Pippa and Kiran to give an overview of how all the parties are doing Continue reading...

Tories united behind Badenoch - but party still needs to win over voters
Kemi Badenoch has the support of her party but the Tories still trail Labour and Reform in opinion polls.