Conservative Shadow Business Secretary, K.Clarke, speaking to the media today, said raising Inheritance Tax threshold will no longer be a Conservative party priority.
No expectation then of an end to falling house prices!
One thing that can be said, or perceived, is that Tories are taking a lead in raising the hard choices to come to address the ruined public finances.
Labour, in contrast, has postponed the summer comprehensive spending review.
Tax Update
Conservative Central Office this afternoon issued a clarification of the party's position. Raising the inheritance tax threshold to £1 million remains an objective.
So that's clear then!
Less clear is the work that remains to be done to embed shadow minister K.Clarke into collective front bench positions.
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