Prime Minister Keir Starmer, accompanied by Rachel Reeves and Ed Miliband, visited a glass factory today. Their visit aimed to engage with workers and address key issues facing the industry, highlighting the importance of British manufacturing.
Rachel Reeves is facing a scramble to balance the books in the Budget after seemingly abandoning a 'mad' plan to slash pension contribution reliefs.
Rachel Reeves is facing a scramble to balance the books in the Budget after seemingly abandoning a 'mad' plan to slash pension contribution reliefs According to The Times, the original proposals on pension contributions relief would have seen public sector workers on £50,000 a year hit with an additional annual tax bill of £1,000.
Speculation has been swirling that retirement savings could be among the areas targeted in the Budget after Labour warned that tough choices were needed to repair public finances. 'Just a year ago the talk was all about whether the Conservatives would cut or even abolish inheritance tax. But the tables have turned on death duties in the last 12 months, and particularly since the General Election, as Downing Street has admitted the need for more tax rises.
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