27 h. ago Rachel Reeves risks 'irresponsible' pension move by failing to rule out lump sum raid, experts warn

Speculation about a new lower cap on tax-free cash is understood to have prompted a renewed rush of withdrawals, following a spike ahead of last year's Budget.

Events

38 h. ago Rachel Reeves 'must rule out pensions raid in the Budget to avoid lump

The Chancellor must rule out a pensions raid in the Budget as she faces a re-run of last year's damaging dash for tax-free cash, experts warned last night.

Economics

4 d. ago Rachel Reeves under pressure to rule out tax rises as Chancellor admits 'the world has changed'

The UK Chancellor said she was "determined not to increase key taxes that working people pay" when she announces the Budget next month.

Events

9 d. ago Treasury 'frantically working on £30bn of tax hikes' for Budget as Labour think

The outlook seems to be darkening for Rachel Reeves as insiders admit the Office for Budget Responsibility is set to downgrade productivity estimates.

Economics

2 w. ago Savers pulled £70bn from pension pots last year, as fears mount of further Budget tax raid

The figures from the Financial Conduct Authority, the City regulator, marked a 36% increase on the previous year.

Economics

3 w. ago Minister risks fuelling pension pot panic by refusing to rule out Budget raid

Experts have been warning of signs that people are acting to pull money out of retirement funds amid speculation about Rachel Reeves ' plans.

Politics