Submitted on Sunday 28th August 2011
Published on Wednesday 7th September 2011
Current status: Closed
Closed: Friday 7th September 2012
Signatures: 2
Reduction of IHT Interest rate
Think of the average working class family who have to pay IHT by instalments over 10 years and have to pay the going IHT interest rate of 3% while the bank rate is 0.5%.
If the IHT rate was restored to its former rate of 1/2% above bank rate I am certain the money saved by the IHT payee would be put back into the economy instead of being misused by government.
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