as the #Tories contemplate #taxcuts ahead of the next #election, 'fiscal drag' (the failure to uplift tax thresholds in line with #inflation) mean by 2028 the Resolution Foundation reckons there will have been a £40bn rise in overall #taxation since the freeze on thresholds began in 2021 under the then Chancellor.... #RishiSunak. 

So just to be clear.... the #Tories have effectively raised income tax on most #workers, but want to get rid of #InheritanceTax paid by fewer than 4% of estates... 

 @43d7c4ea I feel that part of the problem the #Tories have, is that their Covid policies may have caused the deaths of many elderly voters many of whom would have voted Conservative.
I'm #cynical enough to wonder if abolishing IHT (which Labour would be likely to re-introduce) might indirectly lead to a spike in deaths of rich elderly Conservative voters !