MPs 'misled' over Budget stealth tax, claims Steve Webb

‘Still time for scrutiny’

Steve Webb: "There is still time for Parliament to scrutinise this new tax and stand up for small savers up and down the country."
Steve Webb: "There is still time for Parliament to scrutinise this new tax and stand up for small savers up and down the country."
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A letter being issued by the Treasury concerning a new tax introduced in the Autumn Budget has revealed MPs have not been told the full story about the change, according to Royal London director of policy Steve Webb.

Prior to the 2017 Budget, individuals with money invested through insurance companies benefited from a tax break that meant any investment growth that simply kept pace with inflation was not subject to...

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