Money Box

Infected Blood Compensation and Standing Charges

Nov 22, 2025
Jo Krasner, a Money Box reporter known for her incisive financial insights, discusses critical issues surrounding the infected blood scandal and the potential inheritance tax threats facing victims' families. She highlights the urgent demand for tax reforms as over 3,000 victims have passed away. Krasner also delves into public backlash against skyrocketing standing charges for energy, revealing mixed reactions and the proposals from Energy UK that could complicate costs for consumers. Tune in for a deep dive into these pressing financial concerns!
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ANECDOTE

Family Trauma From Contaminated Blood

  • Owen McLaughlin described his father Steve's decline after haemophilia led to HIV infection and death in 1989.
  • He recalled the family's distress living through the mid-1980s amid public fear and stigma around AIDS.
INSIGHT

Compensation May Still Trigger Inheritance Tax

  • Compensation for living victims gets a tax credit, but estates of deceased victims risk inheritance tax.
  • Long delays in paying awards mean many heirs could face large tax bills despite government promises.
ADVICE

Extend Deed-Of-Variation Window

  • Amend legislation so the two-year deed-of-variation period starts from compensation payment, not death.
  • That change would let estates reallocate payments tax-efficiently after long delays.
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