The Latest Breaking News on Boris Johnson ‘bamboozled’ by science and Matt Hancock had habit of saying things that were untrue, UK Covid inquiry hears – as it happened

The Chancellor announced that the Government would abolish lifetime allowances

In the 2023 spring budget, UK chancellor Jeremy Hunt unveiled a raft of measures designed to boost economic growth and productivity. To achieve this he has overhauled both pensions and childcare support, which will have implications for current and future personal finances.

IFS says policy is ‘sledgehammer to crack a nut’

Pensions tax-break for very wealthy contrasts badly with huge increases faced by basic and higher rate taxpayers

Hunt told parliament on Wednesday that he was delivering a budget for "growth" and a lot of measures aimed to get people back into work

Chancellor’s changes have been criticised as a multibillion-pound handout to Britain’s wealthiest

State Pension payments are rising by up to £75 per month from April 10.

The UK Government announced in the Budget on Wednesday that it was scrapping the lifetime allowance on pensions in an attempt to prevent doctors from retiring.

It comes as a new research laid out the funding difficulties and workforce challenges faced in adult social care.

The IFS has cast its eye over Jeremy Hunt’s Budget as millions of Britons face being dragged into paying more income tax

Economy in ‘deep funk’, warns think tank – attacking Jeremy Hunt’s ‘wasteful’ pensions tax break