Graham Stuart
Main Page: Graham Stuart (Conservative - Beverley and Holderness)Department Debates - View all Graham Stuart's debates with the HM Treasury
(1 day, 22 hours ago)
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Lewis Cocking
If the hon. Member had been listening to my speech, he would know that this is not people’s fault. If someone works hard and buys a family home, they have no idea what the value of that family home is going to be when they die. That is why we are exempting the family home from inheritance tax.
Graham Stuart (Beverley and Holderness) (Con)
My hon. Friend will remember that the centre-left Social Democratic party in Sweden abolished inheritance tax years ago, because it had gone down the route of this envy-filled, left-wing, socialist approach, and found that it was counterproductive, led to complexity and reduced wealth in the country. Afterwards, business thrived, and even the Communist party in Sweden, in the face of the facts 20 years ago, could see how wrong it was. It is a shame that the modern Labour party does not understand that.
Lewis Cocking
My right hon. Friend is absolutely right. This is a tax on aspiration.