Tory £1bn inheritance tax cut ‘will worsen north-south divide’ | Money | The Guardian

Research shows plans to increase threshold at which tax is paid will overwhelmingly benefit rich families in south-east England

Rachel Reeves in her Leeds West constituency
Rachel Reeves in her Leeds West constituency, where just six properties were worth more than £650,000 in 2015-16. Photograph: Christopher Thomond for the Guardian

A £1bn Conservative inheritance tax cut will exacerbate the north-south divide, an MP has warned, as figures lay bare the winners and losers of a flagship government policy.

People inheriting homes in constituencies in London and south-east England will gain the lion’s share of the benefits from the tax cut, according to research commissioned by the Labour MP Rachel Reeves.

Of the 100 constituencies that will benefit the most, 96 are in London or the south-east and are mostly held by Tories, with 31 in and around London held by Labour.

Source:  The Guardian