Boris Johnson Advocates Inheritance Tax Cut to Secure Future for Younger Generations

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In an exclusive piece for the Daily Mail, the 59-year-old former prime minister, Boris Johnson, is championing a reduction in inheritance tax, aiming to empower Baby Boomers to pass on a more substantial portion of their vast wealth to the next generation.

Reflecting on the stark contrasts between his generation and today's youth, Johnson acknowledges the challenges faced by younger individuals. He highlights the privileges enjoyed by his cohort, such as comfortable pensions, tuition-free university education, affordable mortgages, and the ability to become homeowners—a stark contrast to the hardships faced by today's youth.

"We had it easy—cushy pensions, free university education, affordable mortgages, and the opportunity to own homes," he reminisces, emphasizing the considerable disparities between the experiences of his generation and those who came after.

As Chancellor Jeremy Hunt prepares for the upcoming Autumn Statement, Johnson raises a pertinent question: "Given the colossal wealth we've amassed, isn't it fair that we leave a bit more for the generations following us?" He contends that, in light of the challenges faced by today's youth, a reduction in inheritance tax is a fitting solution to enable Baby Boomers to leave a more substantial legacy.

Boris Johnson's call for a cut to inheritance tax underscores the broader conversation about generational wealth and the desire to bridge the gap between the privileges of the past and the challenges of the present. As the debate unfolds, the impact of such a policy change on the economic landscape and the prospects of future generations will undoubtedly be subjects of keen interest and scrutiny.

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