Inheritance tax plan fundingpublished at 18:55
As we've been reporting, the Conservatives' eye-catching announcement of the day is to raise to £1m the starting point at which inheritance tax is paid on family homes.
How will they fund this tax cut? By increasing the tax paid by people with big pension pots. The Conservatives plan to reduce tax relief on pension contributions on incomes between £150,000 and £210,000. The idea is to cut relief from £40,000 to £10,000.
The director of the independent Institute for Fiscal Studies, Paul Johnson, says the change will take "really quite large sums away from people earning more than about £150,000 a year".
And he warned it will "probably either reduce the amount of savings in the economy or create a lot of complexity in the savings landscape".