1 Oct

Tories to promise inheritance tax cut

Tories to promise inheritance tax cut

Shadow chancellor George Osborne is expected to announce the Conservative party's support for lower inheritance tax rates at the party's annual conference today.

The annual meeting of Tory delegates will be told that the tax cut will be funded by increasing the tax payable by wealthy businessmen who are "non-domiciled" UK residents.

Besides reductions in inheritance tax, the party is also expected to announce reductions in stamp duty for first-time property buyers as well as changes to the "compensation culture" in schools.

Anticipation of the policy announcements comes at a time when polls show Labour widening the gap over their traditional rivals.

The recommendations of policy groups, formed by Conservative leader David Cameron, could also provide an indication of the party's platform for the next elections.

Head of the Tory's childhood inquiry, David Willets, is expected to announce a raft of measures to give greater legal protection to those organising sporting activities for children and "giving children back their childhood".

He is expected to tell delegates: "Children need play, adventure and excitement. But today, fear of litigation means school trips and adventure holidays are now abandoned.

"Instead, children get their excitement by retreating to their bedrooms to play video games or the artificial stimulus of drink and drugs. Nearly half of all gangs now meet in public playgrounds."

Earlier in the year John Redwood, who headed the party's policy groups on economic competitiveness, told the Telegraph that he was recommending the abolition of inheritance tax and annual deregulation rounds for Whitehall departments

Yesterday, Mr Cameron announced that he was ready to battle with Labour for the future of the country.

"This is going to be the week when the Conservative party fights back," he told reporters on arriving in Blackpool.

"We're going to be setting out an absolutely clear and compelling alternative to this government. We'll be explaining to people that you'll only get real change if you vote for it with the Conservatives," he added.ADNFCR-1222-ID-18299181-ADNFCR

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