Who’s this advising the use of “clever financial products” to get round inheritance tax? Why, it’s George Osborne

A youthful looking George Osborne appeared on The Daily Politics in 2003 and had some interesting advice to caller “Bill” about how older people could pass on their home to their children and then get the state to pay for the costs of their care… The man who became Chancellor now claims he was simply highlighting the then loopholes in the law.