'I’ve worked my whole life!’ GB News live audience member in emotional outburst as she fears her money is being 'handed away'
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Reports suggest Rachel Reeves is weighing up a lifetime limit on how much families can hand down tax-free
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A GB News audience member delivered an emotional outburst as she defended her right to pass on the money she has worked for all her life.
The woman from South London rose to her feet during Patrick Christys’ show after he asked the audience whether inheritance tax should be scrapped.
The lady took the microphone and said: “Those of us who’ve worked and paid taxes all our lives why shouldn’t we be able to pass on what we’ve earned to our children and grandchildren?
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The GB News live audience member said she has "worked his whole life"
|GB NEWS
"I know they say not many people in this country pay it, but unfortunately I’m one of those who would.
"I’ve worked for over 60 years, and I feel very strongly that what I leave should go to my family not to people just coming into this country seeking a better life on my money.
"I really want to stand up for this. I feel very strongly about it. I really do.”
The emotional exchange occurred against the backdrop of a heated national conversation about inheritance tax reform, sparked by an a radio presenter's radical suggestion earlier this week.
According to one LBC presenter, the levy could be increased to its maximum possible level, as he suggested he would support such a measure to promote work-based earnings over inherited wealth.
The journalist argued that Britain currently maintains what he termed a wealth-based aristocracy, suggesting that income should derive solely from employment rather than parental assets.
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His comments provoked widespread criticism on social media platforms, with users labelling the proposal as extreme.
The Chancellor is under growing pressure to rule out plans for a cap on tax-free family gifts amid warnings it would hit younger households already battling rising costs.
Reports suggest Rachel Reeves is weighing up a lifetime limit on how much families can hand down tax-free, though no formal proposals have yet been set out.
The woman from South London rose to her feet during Patrick Christys’ show
|GB NEWS
Retirees are handing over around £2,500 a year to children and grandchildren, despite many struggling to fund their own retirement.
Analysis by Quilter and the Centre for Economics and Business Research shows pensioners are helping younger relatives cover everyday bills and education costs.
The study of 5,000 retired people found their annual spending averages £22,140 well below the £31,300 that Pensions UK says is needed for a moderate standard of living.