Budget 2023: Hunt plans to raise pension cap and improve childcare help

Chancellor likely to announce increase to 40,000 pension annual limit and lifetime allowance

Jeremy Hunt is considering a boost for the pensions of middle-class professionals and more help with childcare for parents in next week's budget, as he tries to get more people into the workforce.

The chancellor is likely to announce significant increases to pensions allowances in a bid to tackle the pension trap", which has led many workers to take early retirement.