FT – Labour throws out proposal to bring back lifetime cap on tax-free pensions
The front page of the Finanical Times reports on the Labour Party U-turn which will be welcomed by wealthier savers including hospital consultants.
- Labour throws out proposal to bring back lifetime cap on tax-free pensions: Labour has abandoned plans to bring back the pensions lifetime allowance in an £800mn U-turn that will be welcomed by wealthier savers including hospital consultants and headteachers. Rachel Reeves, shadow chancellor, has dropped the proposal from Labour’s election manifesto, to be published on Thursday, because it would add uncertainty for savers and be complex to reintroduce, her allies told the Financial Times.[https://www.ft.com/content/1555f473-0b8a-488e-9e47-73d57d5f2f36]
- Centrist Gantz quits Israeli coalition over Netanyahu’s handling of Gaza war: Centrist politician Benny Gantz has resigned from Israel’s emergency government and called for early elections, accusing Prime Minister Benjamin Netanyahu of mishandling Israel’s war in Gaza.[https://www.ft.com/content/78bc5111-1851-4a71-a5dd-ca9c9dff0241]
- Voters decide Far-right gains ground in EU: Far-right parties have made significant gains in the EU elections, performing well in Germany and comfortably winning the vote in France.[https://www.ft.com/content/14a7de75-150d-4064-93c8-986819b1753e]
