(Bloomberg) --
U.K. Chancellor of the Exchequer Sajid Javid has hinted he is considering cutting inheritance tax. Doing away with the levy would cost almost 6 billion pounds ($7.4 billion) and critics point out that most of the benefit would go to a small number of wealthy households, many of them in London and southeast England. Just 2,050 estates worth over 2 million pounds were charged 965,000 pounds each on average in 2016-17, the latest year for which figures are available.
To contact the reporter on this story: Andrew Atkinson in London at a.atkinson@bloomberg.net
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, David Goodman, Jill Ward
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