Inheritance Tax

Debate between Noah Law and Chris Vince

Wednesday 14th October 2026 Commons Chamber

[Noah Law (St Austell and Newquay) (Lab)]

The Conservatives’ decision to cut inheritance tax for the wealthiest tells us exactly where their priorities lie: not with the everyday working man or woman but with the very wealthiest in our society, and not with constituents such as mine but with the wealthiest 4% or so, whose estates are affected by inheritance tax.

The Conservatives’ proposal would allow couples to leave their children £1 million of wealth, on top of a potentially very large home, without paying a penny in tax. They claim we are the party of welfare, but what does that make them? Tax cuts for the wealthiest paid for by spending cuts that take our country’s public services backwards. They tried that for 14 years, and it left our country poorer, sicker and economically stagnant. It is clear that they have not learned their lesson. Arguing for the effective abolition of inheritance tax sends a different message to what could be a much more reasonable debate about, say, uprating the threshold in line with inflation.

[Chris Vince]

My hon. Friend is making a powerful speech. Does he agree that the Conservatives’ argument would be far stronger if it was focused, as many of their speakers are, on family businesses and family farms? The motion talks about the abolition of all inheritance tax, including on estates. Surely that weakens their argument.

[Noah Law]

That is quite right. This is not pragmatic at all; this is complete ideology and returning to— [Interruption.] It is. It is pure ideology. The Conservatives are returning to their core comfort zone of defending only the very wealthiest at the expense of all the rest of us.

Oral Answers to Questions

Debate between Noah Law and Chris Vince

Tuesday 15th July 2025 Commons Chamber

[Noah Law (St Austell and Newquay) (Lab)]

4. What estimate he has made of the number of additional jobs that have been created in clean power industries since July 2024.

[Chris Vince (Harlow) (Lab/Co-op)]

9. What estimate he has made of the number of additional jobs that have been created in clean power industries since July 2024.