Chancellor George Osborne said today that he will cut income tax in a year by increasing the personal allowance but he will implement an effective tax hike from then on.
Public sector workers should be stripped of their final salary pensions and instead have schemes linked to average earnings, a Government-commissioned report recommends today.
The Government is to embark on a fundamental overhaul of the pensions system to ensure it "pays to save" for retirement, Iain Duncan Smith will say today.
8 March 2011
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