New Chancellor Rishi Sunak today declared the Budget will go ahead on March 11 despite the abrupt departure of Sajid Javid. Mr Sunak killed off rumours of a delay saying he was ‘cracking on’ with preparations for the crucial financial package. Downing Street had previously signalled that the Budget could be pushed back after the dramatic resignation of Mr Javid during the reshuffle last week. The confirmation came amid claims higher earners could be stripped of their 40 per cent pension tax relief. Mr Sunak and Mr Johnson are meeting for talks tomorrow to flesh out the measures to ‘level up’ the UK economy. However, Tory MPs are already uneasy about some of the proposals being floated, including imposing a ‘mansion tax’ on the most expensive homes. Mr Sunak killed off rumours of a delay saying he was ‘cracking on’ with preparations for the crucial financial package Boris Johnson is set to meet with his new Chancellor to discuss plans for the economy The Treasury has now drawn up plans for a £10billion raid on pension tax breaks, which would see retirement savings pots set at the same rate for everyone. Currently higher earners get 40 per cent tax relief on pension… Read full this story
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