
Pensions
Rachel Reeves MP, Labour’s Shadow Chief Secretary to the Treasury, said:
“George Osborne has tried to bury his £3 billion ‘Granny Tax’ raid on pensioners over the next four years. The freeze in the personal allowance for pensioners will see 4.4 million pensioners who pay income tax losing an average of £83 per year next April. And people turning 65 next year will lose up to £322.