UK MP urges reconsideration of inheritance tax after Sweden's abolition resulted in stable, low tax revenue and potential economic benefits.

The abolition of inheritance tax in Sweden has been cited as a "win-win" scenario for the UK, with MP Ranil Jayawardena urging ministers to reconsider the tax. Sweden abolished inheritance tax in 2004 and since then, tax revenue has remained at less than 1% of all revenue to the Treasury - a similar proportion to the UK. Abolishing the tax in the UK could stimulate economic growth, encourage longer working lives, and boost tax receipts.