Tories promise an extra £10 on pension

The scheme will form part of a £1.7bn tax-cutting package if the Tories are elected in the forthcoming General Election and will mean that an average earner could potentially receive a £500 annual increase across their working lifetime. The Tories say around 10 million basic and starting rate taxpayers would instantly benefit from the initiative, to come into effect from April 2006. Conservative leader Michael Howard, says: "Encouraging people who help themselves; rewarding families who do the right thing; helping tomorrow's pensioners today - that is what a Conservative Government will...