Salary sacrifice could be cut in July Budget - Steve Webb

The former pensions minister noted he would be very surprised if Treasury was not already working on that prospect. Speaking at the Secondsight HR masterclass, Webb noted that it could be one of the changes which have not already been announced. "The only other thing that I think could happen is changes to salary sacrifice," he said. "If you are a chancellor who apparently today is going to announce that governments cannot borrow and you still need bucket loads of cash - one thing you might do is say salary sacrifice costs £15bn and make some changes. "You can imagine if the squ...