George Osborne pledges to cut inheritance tax on property

The video discusses the Conservative party's proposal to raise the inheritance tax threshold, highlighting the impact on families and the fairness of the tax system. It examines the rise in house prices over the years, particularly in London, and how this has affected ordinary families. The historical context of tax thresholds is explored, showing how they have not kept pace with property values, leading to more families being subject to inheritance tax. The video concludes with a political and social commentary on the implications of these changes.

What are the implications of the inheritance tax on families in London and the Southeast?

Discuss the impact of rising house prices on inheritance tax as described in the text.