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A budget for the self-employed

The Chancellor has a record of springing pension surprises in the Budget, but just suppose for a moment that the reports are true and that George Osborne plans to abolish the top rates of tax relief on pension contributions and move to a flat rate for everyone somewhere between 25 per cent and 33 per cent. That would divert public spending from the highest earners, who now receive tax relief at 40 or 45 per cent, while increasing support for the lower paid, who face the biggest risk of poverty in old age.

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About Prospect Magazine

In Prospect’s March issue: Peter Pomerantsev describes the situation in Eastern Europe as the governments of Hungary and Poland turn right. Simon Tilford, from the Centre for European Reform, questions the substance of David Cameron’s EU deal and Philip Collins argues that Jeremy Corbyn is not fit for purpose. Also in this issue: Peter Kellner shows us that we are feeling more optimistic than during the last stages of the last Labour government and Jessica Abrahams explores the sexism of Valentine’s Day. Plus Justice Malala on South Africa and the Prospect Duel asks: "Should all immigrants learn English?"
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