New death tax proposed

Blunkett calls for reintroduction of “death tax”

Former Home Secretary David Blunkett has called on Labour to readopt the so-called “death tax” on homes to pay for social care say Harris & Co accountants Northampton . Mr Blunkett questioned why it was fair that children of rich pensioners “win the lottery” by inheriting the family home when they die. He said houses in London and the South East had boomed in price and suggested the profits from such rises should be taxed to help pay for social care in the North. Labour was forced to abandon plans for a 10% levy on estates to pay for social care before the 2010 general election following a wave of criticism. However, speaking at a Policy Exchange event in London, the former Labour frontbencher under Tony Blair said he supported bringing back the policy.