The spring statement was as quiet for personal finance as many predicted, with no reference made to pensions or retirement by the Chancellor of the Exchequer.
Speaking in the House of Commons on Wednesday afternoon (13 March), Philip Hammond did not utter a single word on pensions throughout his half an hour speech. The statement's supplementary documents also offered nothing new in the realm of retirement. However, the Chancellor did offer a cursory nod to social care as he announced a three year spending review to be published alongside the next Budget - on the condition that the UK had managed to strike a deal with the European Union. In the Autumn Budget last year, Hammond pledged £650m to boost social care. While Westminster is consume...
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