Having scrapped the secondary annuities reforms, says Tom Selby, Chancellor Phillip Hammond must now go further and remove pensions tax relief from the political front line
George Osborne made a number of mistakes while in charge at the Treasury. The former Chancellor - supposedly responsible for strategy in the Conservative Party electoral machine - was infamously forced into embarrassing U-turns on tax measures aimed at older people (the ‘granny tax'), Greggs customers (the ‘pasty tax') and caravan-owners (the, well, ‘caravan tax'). But his fatal error was making an enemy of Theresa May, the woman anointed Prime Minister following David Cameron's hasty post-referendum departure. One of her first acts as PM was to sack the man who had been at the centre of...
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