Phil Aldrich

Yeah, exactly.

It's a gift for Scotland.

It would be a symbolic gesture rather than an attempt to reduce the constraints that he has, his fiscal constraints that he has.

I think he's also talked about sort of doing the council tax revaluation.

That again would be a shift in the balance of taxes because people in poorer regions would pay less and people in London and the wealthier regions would end up paying more because their houses were valued more.

So that would be a redistributive operation.

But you can also attach to that some form of net tax increase as well.

So I could imagine him doing something like that.

And he's also talked about, I mean, in the past, he talked about 10% inheritance tax on, I think, on all inheritance.

So we've obviously got up to a million pound before you end up getting IHT being incurred with inheritance tax.

So...

And he talked about that in relation to social care in the past.

So, again, that could raise substantial sums of money.

And as you said, it's effectively a tax on inherited wealth.

Yeah, and the last time they worried about it was with Theresa May's dementia taxes, as Labour branded it back then.

And it cost her her majority, didn't it?

So it's obviously, as we all know, it's one of the least popular tax rises.

This is the thing, there is economic constraint and then there's political constraint.

And the two are sort of operating hand in hand.

The fiscal situation rather than the fiscal rules in the UK is itself a massive constraint.