That is what the TaxPayers’ Alliance is reporting on its blog.

Matthew Elliott, Chief Executive of the TPA, greeted the leaked news with excitement:

“Taxpayers across Britain will now look at David Cameron’s Conservatives in a different light following this announcement. Finally, voters can choose a party which will abolish this iniquitous tax. This is great news for ordinary families who suffer under the shadow of the death tax. Britain’s number one most hated tax is going to be axed.”

We will need to look carefully at the small print of George Osborne’s announcement.  My guess is that it won’t be promised immediately but will be financed from the proceeds of growth.

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