Gordon Brown has pre-empted tomorrow's Pensions Commission report into ways to improve provision in the UK by ruling out tax increases to pay for an improved state pension, The Times reports.
The so-called Turner report is tipped to state the pensions gap has grown to somewhere about £50bn, but Brown is stating there is no way this gap could be easily bridged by increasing taxes, the paper writes. Tony Blair is expected to underline the message through a speech later today, which will stress the burden of ensuring people become “active citizens” rather than wait for help from the welfare state, The Times adds. DIGBY JONES IS ANOTHER person expected to make statements ahead of the Turner report, by pointing the finger at Gordon Brown’s tax raid on pensions funds by abolishi...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes