Jeremy Hunt battling to justify pensions giveaway to the top 1%

Move will have no impact on NHS retention of doctors, say economic thinktanks

Budget 2023: key points at a glanceWhat the budget means for people on a range of incomes

Jeremy Hunt is battling to justify his budget pensions giveaway to the 1% after two leading economic thinktanks warned it could have no impact on NHS retention while opening up a vast new loophole for tax avoidance.

The Institute for Fiscal Studies and the Resolution Foundation both said it was doubtful the £1bn tax break would meet the chancellor’s stated goal of retaining more senior doctors in the workforce, and could allow wealthy individuals to avoid inheritance tax.

Continue reading…

Subscribe
Notify of
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Karen
Karen
1 year ago

The idea behind this was to incentivise higher earners to work longer, therefore over the years paying more in tax to the government. Not such a bad thing!

สล็อต pg แตกง่าย
สล็อต pg แตกง่าย
24 days ago

I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.