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Inheritance Tax

This article from the ever-wonderful Economics Observatory examines inheritance tax in the UK, focusing on its effectiveness at reducing wealth inequality and its impact on social mobility. It discusses how abolishing the tax could disproportionately benefit the wealthiest, especially in regions like London and the South East. It also explores proposed reforms aimed at making the tax system fairer and less economically distorting by removing certain exemptions and adjusting thresholds and rates. The article argues that while these changes could make the tax fairer, they wouldn't be sufficient to make significant improvements to social mobility.


Here is a notes frame for the article. It's self-contained so would work well as homework or cover.


What would be the effect of reforming inheritance tax_
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