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The Independent UK
The Independent UK
Business
Sam Blewett

Billions spent to stop 15,000 workers retiring is ‘huge giveaway to wealthiest’

PA Wire

Labour has promised to reverse chancellor Jeremy Hunt’s £1bn pensions tax ”giveaway for the wealthy” if it wins power at the general election expected in 2024.

Shadow chancellor Rachel Reeves said the party will seek to force a Commons vote next week on the Budget decision to scrap the lifetime pensions allowance (LTA).

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