Conservatives plan to restore dividend tax credit

Following George Osborne's speech on the economy earlier today, the Party has published details of its plans to improve Britain's savings record. The document, A New Economic Model: Eight benchmarks for Britain, revealed the Conservatives plan to reverse the effects of Gordon Brown's abolition of dividend tax credit on pension funds. Many have blamed Labour for failing pension savers when it removed the tax credit, which allowed tax-exempt shareholders such as pension funds to receive a boost to income through gross dividends. Osborne says the plans would not be introduced immediat...