Former Chancellor Kwasi Kwarteng has branded Labour's plans to impose inheritance tax on military families as "total insanity", warning the measure would raise "nothing" for the Treasury.

Speaking to GB News, Kwarteng criticised the policy that will affect death-in-service payments for Armed Forces personnel from April 2027.

Former Chancellor Kwasi Kwarteng has branded Labour's plans to impose inheritance tax on military families as "total insanity", warning the measure would raise "nothing" for the Treasury.Speaking to GB News, Kwarteng criticised the policy that will affect death-in-service payments for Armed Forces p...{ai:summary}<p>Former Chancellor Kwasi Kwarteng has condemned Labour's proposal to impose inheritance tax on military families, calling it "total insanity." He argues that the policy, set to impact death-in-service payments for Armed Forces personnel starting April 2027, would yield "nothing" for the Treasury. #politics</p>

Inheritance tax raid on military families will raise 'nothing' for Treasury, ex-Chancellor claims

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