English
Français
Deutsch
Italiano
Русский
Español
Sir Keir Starmer has refused to rule out taxing pension contributions, sparking concerns that the Labour Government could be preparing to target retirement savings in the upcoming Autumn Budget.
Speaking during Prime Minister’s Questions this afternoon, Conservative leader Kemi Badenoch challenged the Prime Minister on the Chancellor’s recently announced review into pension contributions.
She asked directly: “We know the Chancellor is launching a review into pension contributions – is it because the Government is considering taxing them?”
But Starmer refused to give a clear answer, instead stating: “We made absolutely clear manifesto promises and I’m not going to write the Budget months ahead. I’m proud of the decisions we have already taken to invest in our NHS and public services.”
The refusal to rule out pension tax reforms has prompted fears among savers and retirees that further changes could be coming later this year, as the Government grapples with pressure to raise revenue.
The Autumn Budget is expected to be delivered in October, with Chancellor Rachel Reeves facing mounting scrutiny over how she plans to balance the books.
GBNEWS
| Keir Starmer REFUSES to rule out taxing pension contributions in Autumn Budget