Reeves urged to launch tax attack on lump-sum pensions

Good evening. Rachel Reeves is under pressure to pull off a multi-billion dollar robbery of wealthy savers’ pension funds.

Elsewhere, a confidential report has found the link between Lucy Letby and the deaths of babies at the Countess of Chester Hospital was “quite subjective”.

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Reeves urged to launch tax attack on lump-sum pensions

The Institute for Fiscal Studies has called on the Chancellor to cap the amount that can be taken tax-free from pension pots. Currently, people can take up to 25% of their pension as a tax-free lump sum when they turn 55, up to a maximum of £286,275. The IFS said cutting the amount to £100,000 would affect around one in five pensioners and save £2 billion in the long term.

However, there is growing fear among economists that the government’s proposed tax hikes, in addition to the ongoing bleak story, will kill the momentum needed for economic growth. These charts show the obstacles facing Ms Reeves.

Letby link to infant mortality ‘subjective’, confidential report found

The Thirlwall inquiry heard today that the Royal College of Paediatrics and Child Health wrote a report into the hospital deaths that was never published. In the report, consultants found that Lucy Letby was on duty at all the deaths and “became convinced of the link” – see today’s key moments.

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