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Tory Inheritance Tax cut costs £6bn – Cable

May 2, 2010 11:33 AM
Originally published by UK Liberal Democrats

The analysis reveals that:

The Inheritance Tax pledge would cost £6bn over the course of the next Parliament

It is aimed at the wealthiest 0.8% of estates in the UK

Every year, 3,000 of the wealthiest estates in the country would each benefit by almost £250,000 Commenting, Liberal Democrat Shadow Chancellor Vince Cable said:

"At a time when the gap between the richest and poorest is so great, it beggars belief that David Cameron wants to give the wealthiest estates a £6bn give away.

"The Tories are showing where their priorities really lie.

"This tax pledge is grossly unfair, only helps the wealthiest households and costs £6bn at a time when the public finances are in a perilous state.

"A vote for David Cameron is not one for fairness and change. It's a vote for more of the same.

"Only the Liberal Democrats are fully committed to creating a fair tax system. We are the only party that stands for fairness and not division."