Labour steps up attack on Hunts pensions tax break
Labour has stepped up pressure on Rishi Sunak and Jeremy Hunt to drop changes to pension allowances that fail to benefit the “vast majority” of Britons. The Opposition has said it will reverse the Chancellor’s Budget pensions tax break for high earners if it gains power at the next general election. Mr Hunt believes the abolition of the lifetime allowance, forecast to cost £2.75 billion over the next five years,