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The Guardian - UK
The Guardian - UK
Business
Jedidajah Otte

Millennial generation despairs of being able to afford to retire

 A stark message: as Jeremy Hunt gave a multibillion-pound tax break to the wealthiest pension savers, millennials are being priced out of retirement.
A stark message: as Jeremy Hunt gave a multibillion-pound tax break to the wealthiest pension savers, millennials are being priced out of retirement. Photograph: Alamy

Many younger people, struggling with high rents, student loans and low wages, are scratching their heads about why the government has decided to throw billions of pounds at people already wealthier than many of them ever will be.

A little over a week ago, chancellor Jeremy Hunt used his first budget to announce a multibillion-pound tax giveaway to Britain’s wealthiest pension savers – a decision Labour is vowing to reverse.

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