The Budget has now landed. After weeks, if not months, of agitation and speculation, we can now finally see what the measures are. Remarkably, we could do this before Chancellor Rachel Reeves stood up to deliver the statement , thanks to the Office for Budget Responsibility’s (OBR) unprecedented leak.

As expected, taxes have been increased . It was obvious that taxes on property and pensions, accompanied by a reduction in cash ISAs, would be introduced, since Reeves had ruled out increases in VAT, income tax and employee national insurance (NI).

What makes the pension tax raid in particular so invidious is the fact that these taxes will be paid mainly by people who were always striving to do the right thing – properly saving for their retirement.

Reeves announced plans to clamp down

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