Webb confirms single-tier pension brought forward to 2016

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Steve Webb has confirmed the government will bring forward the start date for the single-tier state pension to 2016, with a £5.5bn windfall for the Treasury from the early abolition of contracting out.

In a written ministerial statement, the pensions minister said the move would bring in additional National Insurance revenue for the Exchequer, including around £3.3bn in employer National Insuranc...

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