For Nigel Farage it would be an open goal. If reports are right that Chancellor Rachel Reeves will target inheritance tax (IHT) in her autumn Budget, she will hit swathes of people who do not think of themselves as rich but are caught in the IHT net because they own their homes and have a personal pension plan.

The number of people who are likely to be affected will be huge – potentially big enough to swing a tight election.

We don’t, of course, know the detail of what the Chancellor will do. Stories include the idea of limiting the amount people can give away without incurring a tax liability. At the moment, any gift made seven years before death is free of IHT. There could, for example, be a lifetime limit where gifts beyond a certain amount, say £1m, would be counted as part of someon

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