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GB News
GB News
23 Jan 2025


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

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.