WHAT’s the point of inheritance tax? I only ask, because it is the most hated of all taxes, consumes so much time and energy, and generates relatively little for the Treasury that there must be a really, really good reason to keep it.

After the Brecon and Radnorshire by-election, one thing is very clear: the two-party political system has failed this country. Friday’s results showed just how much electoral trouble both the Conservatives and Labour are now in.

EUROSTAR carriages were rammed with politicians en route to Brussels, as the EU rolled out the red carpet for newly elected MEPs last week.