Another U turn

[Murdochcat]

So the IHT threshold allowances for family farms has been increased.

Do these clowns in the government and treasury not think through their plans and impacts on people before they announce them?

 

[aveatry]

Iets see the labour forever posters come on here and explain how it is a great policy change after supporting the thing and defending it in the first place.

 

[Murdochcat]

Iets see the labour forever posters come on here and explain how it is a great policy change after supporting the thing and defending it in the first place.

Thing is that it was just virtue signaling as it would not have delivered much money.

 

[charliegolf]

A listening, compassionate government. What's there to whine about?

 

[Murdochcat]

A listening, compassionate government. What's there to whine about?

Ha ha ha. They said they wouldn’t change it, like they did with the WFP

The rest is history

 

[Mottie]

They must be well dizzy by now with all those U turns.

 

[Murdochcat]

Thing is that family owned and run farms will have passed it down the generations to avoid IHT and large concerns like those owned by limited companies would have been able to avoid it

 

[diy_fun_uk]

The thing is, even though they've U turned, they'll already have lost those people's votes come 2029, if they even had them in the first place. So it's been a bit of a lose lose for Labour.

 

[Murdochcat]

 

[ReganAndCarter]

Thing is that it was just virtue signaling as it would not have delivered much money.

More like the usual pathetic politics of envy with a bit of wealth redistribution thrown in for good measure.

 

[ReganAndCarter]

What's there to whine about?

Not having a competent government that gets it right first time.

 

[morqthana]

1) When Agricultural Property Relief was introduced under Thatcher, it was 50%.

2) Estate Duties/CTT/IHT & exemptions, reliefs, thresholds have been introduced, abolished, and fiddled with for hundreds of years, and nobody, be they business owners, farmers, or individuals has ever been happy about them.

But above all - anybody who thought that the government was wrong to make the last lot of changes, and said they should drop the idea, and then crows and mocks when the government does just that is being hypocritical, and contributes to creating the environment where governments will resist ever changing their mind as hard as they can.

If the tenor of the reporting and commenting is "welcome change of heart" instead of "embarrassing U-turn" and "humiliating climb down" that will contribute to creating an environment where governments are more willing to change course.