You couldn't make it up. A Chancellor who is happy to see those with the least income lose most, yet with the same stroke of his pen, gives those who are already fortunate in life another bung. You wonder why, during these straightened times, this could possibly be a priority... This inheritance tax cut is wrong, not just because we can't afford it, but also because it does absolutely nothing to give those children least likely to succeed a fair crack of the whip. The Labour party I will lead would never support such a decision, and I'm calling on Labour to table relevant amendments to the finance bill to make this clear.