Thursday 5 January 2017 / 8:06 AM 2017 Press Archive / The Latest from Labour

John McDonnell response to IFS report

John
McDonnell MP, Labour’s Shadow Chancellor
, commenting on the IFS report which shows that the
most well off will see their inheritance increase, said:

“This report’s warning that wealth inequality is set to rise is deeply
worrying. It further highlights why this is the wrong time for the Tories to go
ahead with £2.3billion worth of inheritance tax giveaways that would at most
benefit 63,000 estates.

"The Chancellor should not be pushing ahead with policies that could
contribute to an increase in wealth inequality and further reward those already
well off in our country, especially at a time when many of our public services
such as the NHS are being hit with cuts that have led to rising waiting times
and bed shortages.”