In today’s news, Rachel Reeves faces pressure to delve into the pension pots of affluent savers, potentially raising billions. A confidential report on the baby deaths at the Countess of Chester hospital revealed a “quite subjective” link to nurse Lucy Letby. The Institute for Fiscal Studies is advocating for a cap on tax-free pension lump sums, suggesting a reduction to £100,000 from the current £286,275 maximum. While this move could raise £2 billion, concerns linger that the government’s tax increases may hinder economic growth. The economy’s uncertainty is illustrated in charts reflecting the challenges facing Reeves. Additionally, details emerged from the Thirlwall Inquiry regarding Letby’s involvement in the baby deaths, with consultants noting a potential connection during her shifts. Stay informed with today’s essential headlines, from chaos in the Mexican parliament to critical updates on global developments. Join our Front Page newsletter for bonus briefings delivered straight to your inbox.
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Reeves encouraged to initiate tax crackdown on lump sum pensions
