Inheritance Tax
My hon. Friend will remember that the centre-left Social Democratic party in Sweden abolished inheritance tax years ago, because it had gone down the route of this envy-filled, left-wing, socialist approach, and found that it was counterproductive, led to complexity and reduced wealth in the country. Afterwards, business thrived, and even the Communist party in Sweden, in the face of the facts 20 years ago, could see how wrong it was. It is a shame that the modern Labour party does not understand that.