Article 69VAS Hunt’s ‘budget for growth’ gives top 1% a pension bonus but ignores public services

Hunt’s ‘budget for growth’ gives top 1% a pension bonus but ignores public services

by
Jessica Elgot, Larry Elliott and Pippa Crerar
from on (#69VAS)

No money for nurses, doctors or teachers note critics as Starmer says UK is on path of managed decline'

Jeremy Hunt handed a huge pensions giveaway to the wealthiest 1% to help stem the tide of people leaving the workforce, in a budget designed to reboot Britain's faltering economy with business investment incentives and childcare support.

In an attempt to keep older skilled workers from retiring early, Hunt announced his only big surprise of the budget - to scrap the 1m cap on tax-free pension savings, saying: No one should be pushed out of the workforce for tax reasons."

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments