Botched meddling in an emotive issue

George Osborne has declared a freeze on the inheritance tax threshold until 2019. A revenue-raising masterstroke or a political blunder? Emily Hohler reports.

In the last tax year, just 19,000 estates incurred inheritance tax. That's barely 3% of all deaths. Freezing the £325,000 inheritance tax (IHT) threshold until 2019, as George Osborne has just announced, will increase the annual total by perhaps 5,000, meaning that IHT will still only affect around 4% of estates.

The £200m-a year-extra this is expected to provide will pay 20% of the bill for the new long-term care system, which the government says will help around 100,000 people who would have had to pay for social care.

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Emily Hohler
Politics editor

Emily has worked as a journalist for more than thirty years and was formerly Assistant Editor of MoneyWeek, which she helped launch in 2000. Prior to this, she was Deputy Features Editor of The Times and a Commissioning Editor for The Independent on Sunday and The Daily Telegraph. She has written for most of the national newspapers including The Times, the Daily and Sunday Telegraph, The Evening Standard and The Daily Mail, She interviewed celebrities weekly for The Sunday Telegraph and wrote a regular column for The Evening Standard. As Political Editor of MoneyWeek, Emily has covered subjects from Brexit to the Gaza war.

Aside from her writing, Emily trained as Nutritional Therapist following her son's diagnosis with Type 1 diabetes in 2011 and now works as a practitioner for Nature Doc, offering one-to-one consultations and running workshops in Oxfordshire.