Payback time for pensioners - pre-Budget analysis

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Gordon Brown was caned for his hard-line approach to pensioners in the last government, but with his...

Gordon Brown was caned for his hard-line approach to pensioners in the last government, but with his new "borrow and spend" budget proposals has cannily left the door open to taking more votes from the silver surfer brigade with his push to increase the basic tax allowances for people aged over 65. In Wednesday's pre-Budget statement, the Treasury proposed that as of next April the age-related personal allowance for those aged 65 to 74 be increased by £400 to £6,610. For those 75 and up it will be increased by £240 to £6,720. And not only did the government promise tha...

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