Wall-to-wall praise for the policy in today’s papers but they either don’t understand it or don’t care. We’ve been here before, of course. Bexit, Boris Johnson, Truss… all bigged up by the media despite, all obviously awful.
@danneidle.bsky.socialKemi Badenoch wants to exempt the family home from inheritance tax.
But that creates a perverse incentive for elderly people to *upsize* to save IHT.
That could double the cost of the policy, and push £100bn+ from savings into housing.
A 🧵 on bad tax cuts.
