UK. Reeves could raise £10bn a year by reducing pension tax relief, report says
Rachel Reeves could raise at least £10bn a year through a radical shake-up of pensions that would make tax relief less generous to better-off earners, a leading left-of-centre thinktank has said. The report by the Fabian Society says tax breaks for pensions have become markedly more expensive for the government and its proposed changes would fill half the £22bn shortfall the chancellor has identified in the public finances. Reeves has dropped strong hints that she is planning a tough, tax-raising budget on...
