Pensions minister Webb caught by secret recordings

clock

The coalition government's cuts to child benefit for anyone earning over £44,000 is ‘a worry' and answers from the Treasury are ‘not good enough', pensions minister Steve Webb has been caught saying.

The minister was recorded in his surgery suggesting the cut is too harsh and needs refining, and he also hints at Liberal Democrat opposition to the new income limits. Webb was secretly recorded by Telegraph journalists posing as constituents, as part of a sting that yesterday saw business secretary Vince Cable saying he could bring down the coalition government if he were to leave. In the recording, Webb says: "I do not have a problem with the general idea that when money is tight, if you have got people on the highest incomes, we need to look at child benefit, but the question is: w...

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

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 18 September 2024 • 2 min read

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •