ABI frets over pension tax relief speculation

Speculation has been mounting over the weekend chancellor Alistair Darling will announce the measure, which reports say could raise up to £7bn a year for the Treasury, on Wednesday. "The ABI is seeking urgent reassurance from the Government about the very worrying speculation that it may be considering scrapping higher rate tax relief on pension savings in this week's Budget," director general Stephen Haddrill says. "This would be an entirely wrong and short-sighted response to the huge challenges facing the Government, and a direct attack on the hard-working people of middle Britain, w...