Under Labour, the system he himself branded as unfair to the aspirations of ordinary people, caught 34,000 estates at its peak in 2006-07.
Now the Chancellor has the chance to do his own thing but is set to catch 42,000 estates himself in 2016-17.
I personally think the Inheritance tax is one of the most desperately unfair taxes in the book. The problem is that many of us have a real choice during our lifetimes to do enough to be able to avoid having to pay it. As a colleague of mine says, there is no fame in being the richest person in the graveyard.
Casually allowing your beneficiaries to only benefit from 60% of what you would like to leave them is remiss. I know it is difficult because you don’t know what you will need yourself, but making some plans and knowing what you can and can’t afford to give away is a very good start. Financial planning advice and cashflow forecasting can help with that.