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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Life is good for baby boomers. But Jeremy Hunt plans to make it even better

Houses in south-east London
Relatively ordinary homes across the country are now worth above the £1m IHT threshold for couples. Photograph: Getty Images

Wealthy baby boomers are going for gold. Not literally, in the sense that they crave the yellow metal; the gold they want is a mix of tax breaks and subsidies that will enrich them in retirement and feather-bed their offspring in a way unimaginable a couple of decades ago.

Like winners at life’s casino, they want to cash in their chips and bank their winnings. In the main, their assets boil down to property and pensions. And both need to be safeguarded to make sure they are immune to the trials and tribulations of the wider economy.

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