PM Keir Starmer and Chancellor Rachel Reeves repeatedly refused to say if they would hike inheritance tax (IHT) if they won the election. Their silence was viewed as suspicious by many.

Large numbers of party members would love to see IHT made more punitive, as they believe this would strike blow against generational inequality.

Today, we have no idea what will happen. That may soon change, though, with Reeves set to deliver her first Budget at some point between September and November.

During…