Susanna Questions Pat McFadden on Labour's Inheritance Tax Plans

Labor is considering an inheritance tax rate to redistribute wealth if it gets into power, according to a leaked recording from Shadow Chief Secretary Darren Jones.

Susanna questions Pat McFadden, Labour’s National Campaign Coordinator, about Labour's inheritance tax plans.

Broadcast on 03/07/24

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[gothicwriter]

Labour had better not tax inheritance. My wife and I have worked hard all our lives to put something away for our children. This money has already been taxed when it was paid to us as part of income we earned. The fact we chose not to drink or smoke and be frugal to set our children up for their lives means Labour had better not tax that money again.

[hpm]

Is this woman off her rocker? Why should your hard earned money go to anybody other than your children or chosen ones??! Wild claims

[sophie.sienna]

You're already taxed when you earn it, then they wanna tax you when you die, if you've worked hard all your life that should go to your children rather than the state stealing it back. Inheritance tax feels truly immoral

[anilasharma]

That will be stealing inheritance taxes from people who have worked hard , why should inheritance it go some individuals who never worked in their lives? Inheritance shouldn't be taxed at all, public already paid their taxes while working .

[Paulg-]

It's an abhorrent tax that doesn't affect the rich, but is advertised as doing so. The UK is a disgusting country when it comers to tax

[KateClose-pl]

My son is disabled. I want to leave money to him. I can’t trust the government to look after him.

[derekcockburn]

I'll give Labour 18 months to 2 years before the country turns against them.

[paulcarter]

its called stealing - that money / wealth has already been taxed,

[leonardhughes]

Parents work hard and pay for their homes with AFTER TAX income.
When they die, why can't they leave it for their family? Why should the government feel it's theirs to take and possibly impoverish the parents children?

[outlaw]

Inheritance tax is an Abernant tax, it should be scrapped

[Woodkin]

My inheritance is the only thing thats going to get me through my old age. I cant afford to pay off my mortage and cant afford a pension plan.

[stevewhite]

Are there two "More Smug" presenters than this pair? Simply dripping with Wokery!

[ChrisieMae]

If you care about your finances and the future of this country, vote REFORM!

[TamsinCantrell]

Is Susanna saying children don't deserve the inheritance from their parents, who worked hard and payed tax already, without being taxed again because they come from money? Not everyone is that privileged. Why can't they have the money their parents wanted to leave them?

[northernlad]

Vote reform on 4th july Get your independence from Labour and Conservative.

[willwud]

Inheritance tax is a tax on already taxed money. It’s completely unfair in my eyes 🤷🏻‍♂️

[bermudarailway]

So you can't hand your wealth down to your children who haven't earned it but the government can take it and hand it down to strangers who haven't earned it. Once again Labour spending/ squandering other people's money.

[cototp]

Its meant to go to your children, didnt work a lifetime for some unknown dosser to benifit from my lifetime of work savings, its kept for family, no one else '

[luciansanchez]

That whole interview should be taxed... about 90% of it was pure drivel!

[nicholasegan]

The existence of Inheritance Tax does not in itself justify its existence. It is an iniquity that property, upon which taxes have already been amply taken, a further theft should be made by the state. The only just action the next government should take is to abolish inheritance tax.