More tax, less shelter: A slow-burn Budget for savers and investors

The Budget documents make for sobering reading for those trying to build up their wealth. Buried beneath the headline welfare reforms and fiscal recalibrations sits a sizeable £15.5bn tax grab aimed squarely at savers and investors over the next five years. It's a cocktail of tax hikes and tax shelter cuts, all designed to help bolster the public finances while funding the government's social policy ambitions.  The government's newly announced cap on pension salary sacrifice is expected to haul in £7.3bn over the forecast period. The official line is that most of this will come from e...