Glentree boss Trevor Abrahmsohn says that with the 6th March Budget looming the Chancellor should be looking to ease the burden of Inheritance Tax.

Downing Street says talk of inheritance tax cuts are wide of the mark and that fewer than 4% of estates paid the tax.

Latest IHT tax data shows receipts from April to September 2023 were £3.9 billion, which is £0.4 billion higher than the same time last year.

Glentree International boss Trevor Abrahmsohn says ditching Inheritance Tax would be a welcome bonus for all and might also keep a few Tory MPs in their jobs.

More than 50 MPs are calling for the hated home tax to be scrapped and only applied to second or foreign homes as cost-of-living crisis continues to hurt.