Chancellor Jeremy Hunt will deliver his Spring Budget on Wednesday which is expected to include a series of measures aimed at getting the UK’s economy growing as well as continuing to tackle runaway inflation.
Mr Hunt is expected to increase the lifetime allowance on tax-free pension savings from £1.07 million, as part of a ‘Back to Work Budget’ he said was aimed at encouraging some of the country’s wealthiest people to stay in employment for longer while enticing retirees back to the office.
