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| Osborne 'to cut inheritance tax' | |
| (10 minutes later) | |
| Shadow Chancellor George Osborne says a Conservative government will increase the threshold for inheritance tax from the current £300,000 to £1m. | Shadow Chancellor George Osborne says a Conservative government will increase the threshold for inheritance tax from the current £300,000 to £1m. |
| He will also scrap stamp duty for first time buyers on homes up to £250,000. | He will also scrap stamp duty for first time buyers on homes up to £250,000. |
| And in a bid to turn the tables on Gordon Brown, the cuts will be paid for with a fee charged on business people who register abroad for tax purposes. | And in a bid to turn the tables on Gordon Brown, the cuts will be paid for with a fee charged on business people who register abroad for tax purposes. |
| Mr Brown has been under pressure from his own party over tax breaks for wealthy "non-domiciled" UK residents. | Mr Brown has been under pressure from his own party over tax breaks for wealthy "non-domiciled" UK residents. |
| The £3.1bn cost of increasing the inheritance tax threshold and the £400m bill for scrapping stamp duty will be paid for by imposing a £25,000 charge for non-domicile taxpayers. | |
| Certainty | Certainty |
| These are between 150,000 and 200,000 people who live in this country but who do not pay tax on the money they make abroad. | These are between 150,000 and 200,000 people who live in this country but who do not pay tax on the money they make abroad. |
| They would be asked to pay around £25,000 per year to register for that non-domicile status. | They would be asked to pay around £25,000 per year to register for that non-domicile status. |
| HAVE YOUR SAY Hooray! Tax breaks for hard-working married couples! As a bone-idle single person I will gladly pay more tax to help double-income households David, Ely Send us your comments | HAVE YOUR SAY Hooray! Tax breaks for hard-working married couples! As a bone-idle single person I will gladly pay more tax to help double-income households David, Ely Send us your comments |
| Mr Osborne told BBC Radio 4's Today programme: "I don't want to go chasing their income in off-shore bank accounts. | Mr Osborne told BBC Radio 4's Today programme: "I don't want to go chasing their income in off-shore bank accounts. |
| "All I am asking these people to do, in return for the certainty that I am not going to do any of those things in the years ahead, is that they pay this levy which I think is set at a pretty modest amount for most of them." | "All I am asking these people to do, in return for the certainty that I am not going to do any of those things in the years ahead, is that they pay this levy which I think is set at a pretty modest amount for most of them." |
| The shadow chancellor made it clear that the extra money he raises from green taxes - in particular, aviation taxes - will go into what he calls a "family fund" to pay for tax cuts for families to be announced closer to a general election | The shadow chancellor made it clear that the extra money he raises from green taxes - in particular, aviation taxes - will go into what he calls a "family fund" to pay for tax cuts for families to be announced closer to a general election |
| The Tories are using their week in Blackpool to unveil the key policies on which they will fight Labour. | The Tories are using their week in Blackpool to unveil the key policies on which they will fight Labour. |
| Tax cuts | Tax cuts |
| A flurry of announcements over the past few days has included give tax breaks to some couples with children and the introduction of a new airline pollution tax. | A flurry of announcements over the past few days has included give tax breaks to some couples with children and the introduction of a new airline pollution tax. |
| The party has also said it would axe Home Information Packs and end "garden grabbing" by developers by changing planning rules. | The party has also said it would axe Home Information Packs and end "garden grabbing" by developers by changing planning rules. |
| TORY CONFERENCE: 0945 -1100 - Public services debate. Speakers: Andrew Lansley and Michael Gove 1115 -1230 - Economic competitiveness debate. Speakers: George Osborne, Alan Duncan, Theresa Villiers1430 - 1545 - Fixing Our Broken Society debate. Speaker: Chris Grayling1600 - 1700 - Childhood in Britain debate. Speaker: David Willetts At a glance: Tory conference | TORY CONFERENCE: 0945 -1100 - Public services debate. Speakers: Andrew Lansley and Michael Gove 1115 -1230 - Economic competitiveness debate. Speakers: George Osborne, Alan Duncan, Theresa Villiers1430 - 1545 - Fixing Our Broken Society debate. Speaker: Chris Grayling1600 - 1700 - Childhood in Britain debate. Speaker: David Willetts At a glance: Tory conference |
| In his speech Mr Osborne said: "The question people are asking of us this week is simple: are we ready to lead? Are we ready to lead our country out of a decade of disappointment and disillusion and betrayal of trust? | In his speech Mr Osborne said: "The question people are asking of us this week is simple: are we ready to lead? Are we ready to lead our country out of a decade of disappointment and disillusion and betrayal of trust? |
| "The British people want change - and they want to know if we are the change. This week let us send the resounding answer. Yes, we are ready. | "The British people want change - and they want to know if we are the change. This week let us send the resounding answer. Yes, we are ready. |
| "For we will put ourselves forward for office as the ally of those who aspire; the friend of those who are left behind; the champion of those who strive for a better life for themselves and their children." | "For we will put ourselves forward for office as the ally of those who aspire; the friend of those who are left behind; the champion of those who strive for a better life for themselves and their children." |
| Monday also sees proposals for a crackdown on the compensation culture which Conservatives say threatens school trips and adventure holidays. | Monday also sees proposals for a crackdown on the compensation culture which Conservatives say threatens school trips and adventure holidays. |