Rishi Sunak hints he could cut inheritance tax as prime minister

Rishi Sunak hinted that he might reduce inheritance tax as he tries to revive his faltering Tory leadership campaign.

The former chancellor was asked during an election campaign in Cardiff if he would scrap the levy, a pet peeve many members of the Conservative Party.

He dismissed the idea, but suggested he might lower it in the future if he becomes prime minister, suggesting that the move would be consistent with his political outlook.

< p>He told the hustings crowd: “I have set out a plan to systematically reduce income tax over time because I want to reward hard work. But I'm really, as you heard in my previous remarks, I'm someone who believes in supporting aspiration. tax is one way to do this.

RecommendedLiz Truss news - live: Sunak hints he would consider abolishing inheritance tax in latest roundups =230&auto=webp" alt="Key moments as Tory lea dership candidates take part in the first official competitions" height="56" width="82" layout="responsive" class="i-amphtml-layout-responsive i-amphtml-layout-size-defined" i-amphtml-layout=" responsive" />Key moments as Tory leadership candidates take part in the x first official qualifiers58% of over 55s "want to see the benefits of legacies over their lifetime"

"So over time is this something we should to look at? Of course we should, because people who work hard should be rewarded for it.

"If they want to build something and leave it to their family, that's an entirely conservative instinct and a government that I am privileged to lead would very much like to su...