PM Cameron's inheritance tax cut will help only a few

April 12, 2015 4:00 PM

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LONDON, April 12 (Reuters) - British Prime Minister David Cameron's promise to cut an inheritance tax will help only a few people, his Labour rivals said, with both parties competing on tax and spending plans to win over voters in a May 7 election.

The future of Britain's $2.8 trillion economy lies at the heart of what is expected to be the closest election in decades. Cameron's Conservatives and Labour, led by Ed Miliband, hold starkly different views on how to cut the country's deficit and spend the proceeds of its steady economic recovery.

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