BORIS JOHNSON: Why it's right to cut inheritance tax

The Chancellor of the Exc Exchequer set to next week a long-awaited cut in inheritance tax.

The tax is set at 40 per cent on assets over Left 000 and takes in a total of about 7.2 billion.

It is currently paid on only 4 per cent of estates.

Critics say it saps the moral fibre and weakens the incentive to work.

When I went to university, I had my entire tuition paid for by the state, for four glorious years.

Contrast young people today: they struggle for years to pay back the cost of their university education.

A litt first t more cash from a grandparent’s will: it could make all the difference in the world.

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