Pension relief cut for wealthy is for the greater good

Updated
Wallet
Wallet

Labour obviously isn't banking on any votes from the ultra-rich in the next election, after putting the wealthiest Brits on the sharp end of its plan to increase jobs.

Shadow chancellor Ed Balls is planning to cut pension tax relief for those earning £150,000 a year. Labour was the government that gave us the 50% income tax for those earning £150,000 or more but unfortunately income tax is linked to pensions tax relief.

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