From the Editor: On the chopping block

Reports surfaced on Tuesday morning that George Osborne was considering “a new raid” on the pension contributions of the better-off after reaching a so-called “coalition compromise” on the issue. The Lib Dems think the wealthy are getting “overly generous” tax relief when they invest their cash into a pension and want changes. Ahead of the 2012 Budget, chief secretary to the Treasury Danny Alexander called for higher-rate tax relief on pension contributions to be scrapped. Although it did not materialise in March, it is thought the parties have agreed to revisit the issue ahead of 5 D...