Tom Selby: Budget must take savings policy out of firing line

Build a system that makes sense

clock • 3 min read

Rather than using his first post-election Budget to raid pensions for short-term tax gains, Chancellor Philip Hammond has the opportunity to steady the ship and articulate a clear vision for retirement, argues Tom Selby

The Conservative Party is losing its way on long-term savings policy and risks leaving a legacy of undelivered promises in its wake. Vital measures to protect savers from pension scams remain on the shelf. Reforms to tackle the UK's long-term care crisis appear in disarray. And rumours are, rather predictably, circulating that pension tax relief could once again be clobbered. And yet, rather than simply using his first post-election Budget to raid pensions for short-term tax gains, Chancellor Philip Hammond has the opportunity to steady the ship and articulate a clear vision for retir...

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