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

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

UK will take more than a year to recover to pre-Covid level, says OBRBudget 2023: key points at a glanceWhat the budget means for people on a range of incomes

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…

Notify of
Inline Feedbacks
View all comments