Are pension relief cuts another Treasury tax grab? - a podcast by The Times

Matt Chorley is joined by Assistant Editor Anne Ashworth and columnists Giles Coren and David Aaronovitch. Anne Ashworth:Pension tax reliefs for the higher-paid have already been reduced and more cuts are coming. The justification for this reform is fairness: the higher-paid have had it too good. But if you make company pension scheme membership less attractive to executives, this make it less likely that they will support these schemes - which will hurt the less well-off. This is just another Treasury tax grab, disguised as redistribution. Giles Coren:A survey commissioned by the Labour party has revealed that, "A disproportionate number of members who have joined since the 2015 general election are ‘high-status city dwellers’ pursuing well-paid jobs”. Most of them are from North London. So Corbyn and McDonnell rode to power on a crest of people exactly like me, except with the politics of Rik out of the Young Ones. One Labour MP has suggested that, "Members with properties valued at over a...

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