"May I welcome my noble friend’s clear statement that the purpose of a pension fund is to provide pensions and not to assist the better-off in estate planning? Does he agree with me, given the frequent press comment that inheritance tax is, in many senses, a voluntary tax, that anyone …..." Lord Davies of Brixton - View Speech
"My Lords, we must thank the noble Lord, Lord Elliott of Mickle Fell, for introducing this debate. I welcome the opportunity to have a debate on these important issues; my main question is on what has been missing from it, which is any reference to 14 years of Conservative government.
"We owe a debt of gratitude to the noble Lord, Lord Alton, for placing this item for us to discuss. I have to admit a certain inadequacy. I thought when I put my name down that there would be many other speakers, and I wish to raise only a particular, …..." Lord Davies of Brixton - View Speech