“The government wants families to be able to pass on their home to their children or grandchildren,” she said. “That’s why, in line with the manifesto commitment, we’re reforming the rules to bring down the number of families paying inheritance tax from next year, with nearly 20,000 estates taken out of paying inheritance tax from April 2020 alone.

“Under the new system families will have a new £175,000 inheritance tax allowance for their home on top of the existing £325,000 threshold.”
It was George Osborne who was behind the deeply flawed plan, to be implemented by 2020, to cut inheritance tax (IHT) to let a couple in a £1m home avoid paying a penny in death duties. The plan would cost an estimated £1bn, and the former chancellor promised to gradually lift the IHT threshold from its current £325,000 per person to £500,000. The phased changes of this iniquitous and ill-conceived plan are due to start in April. It is a tax break for a wealthy elite, at a time when the NHS faces a cash crisis and the government is moving to cut £3.7bn in disability benefits from the most vulnerable in society.
Two Guardian quotes from earlier in 2017, although this change in policy does not directly contradict the first quote as children will still inherit property. I wonder if it's as simple as the money lost to raising inheritance tax allowance has now been found with this change in policy? If that is the case then it has not satisfied the need for additional funding.