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Lord Livermore (Lab)

Speaking in the House of Lords on 1 May 2025

Debate

Inheritance Tax: Impact on Rural Businesses

Contribution

I am grateful to the right reverend Prelate for his question and I pay tribute to the work that he is doing with the communities that he is discussing. The Government believe that introducing a clawback mechanism such as he describes could still result in some of the wealthiest estates paying less inheritance tax than under the proposed reforms. That would raise considerably less money, and therefore would not go towards repairing the public finances and supporting the public services in the way that we seek.

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