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Tax climbs the pre-election agenda

Speed read
  • The government is reportedly considering cutting IHT before the next general election, with a view to the tax’s possible abolition.
  • HM Treasury is examining options to simplify the current array of ISA products to encourage investing in the UK stock market.
  • The Liberal Democrats have dropped their longstanding policy of adding a percentage point to income tax rates to fund investment in the NHS and social care.
  • The Labour Party has said that, if elected, it would reform the apprenticeship levy and return to holding a single major fiscal event in the autumn of each year.

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