AXA's Steve Folkard: A taxing pre-Budget report?

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AXA has made a submission to HM Treasury in preparation for the forthcoming pre-Budget report (PBR).

Whilst we recognise the tough economic conditions that we are currently facing, not least the pressures on public finances, AXA also believes there are five steps the government could and should take that are revenue neutral in the long run, or are even cost saving, which could provide effective ways of increasing consumer confidence in the long term savings environment. We need to be realistic in our outlook for the savings industry. The current climate presents many important challenges for the UK: fiscal rebalancing, retaining the UK's competitive position and encouraging a more prude...

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