Autumn Statement set for 25 November

In a letter to Treasury committee chairman Andrew Tyrie, Osborne (pictured) said he would combine the two statements after commissioning an autumn forecast from the Office of Budget Responsibility for November. The Autumn Statement could feature an update on pension taxation, which the government has been consulting on in recent months. The Chancellor announced in his Summer Budget he would review the way pensions are being taxed, mulling a change from the current way to one found in ISAs. Currently pension savings vehicles offer tax relief upfront and collect taxes at point of wit...