Chris Leslie MP, Labour’s Shadow Chief Secretary to the Treasury, responding to David Cameron’s comments on inheritance tax, said:

“There’s already a £7 billion black hole in Tory spending plans. Now David Cameron has been forced into another panicky promise of pie-in-the-sky tax cuts with no idea about how they will be paid for.

“The only concrete tax pledge from the Tories is to cut the tax credits of millions of working people on modest incomes, while keeping a big tax cut for millionaires.

“The truth is David Cameron failed to deliver on his 2010 manifesto promise on inheritance tax and raised VAT after saying he had no plans to do so.“

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