Ten Things You Need to Know Today: Monday 11 Feb 2013

1. INHERITANCE TAX REFORM ABANDONED

David Cameron and George Osborne are abandoning a Conservative pledge to reform the inheritance tax system. It was announced today that the £325,000 level at which tax becomes payable will be frozen until at least 2019 to help pay for social care reforms. A promise to raise the threshold to £1m was in the Tories' 2010 election manifesto.

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