§ Lord Stoddart of Swindonasked Her Majesty's Government:
What progress was made in the Budget towards the Prime Minister's dream of wealth cascading down the generations through inheritance aided by the abolition of Inheritance Tax.
The Minister of State, Department of Transport (The Earl of Caithness)The Government remain committed to reducing the burden of Inheritance Tax to allow wealth to pass more easily between generations. However, further improvements can take place only as and when economic circumstances allow.