News

Shadow Chancellor George Osborne has accused the government of "sneaky fiddling" and "sleight of hand" in its pre-Budget report.

Public sector pensions will be capped as part of government plans to pay-off the UK's burgeoning budget deficit.

Alistair Darling delivers his Pre-Budget Report - read about pension tax relief restrictions and a tax rise for those earning over £20,000.

The Chancellor said the phased roll-out of personal accounts was a "necessary choice" to save money.

Everyone earning over £20,000 a year faces a tax rise from 2011.

UK - As many as 150,000 additional people will be caught out by the extension of higher-rate tax relief restrictions announced in today's pre-budget report.

As many as 150,000 additional people will be caught out by the extension of higher-rate tax relief restrictions.

The Chancellor says he is confident the UK's economy will return to growth in 2010.

Exchange traded funds are generally more expensive than many institutional index products and an unattractive long-term investment option for most pension funds, Watson Wyatt claims.

GLOBAL - Exchange traded funds are generally more expensive than many institutional index products and an unattractive long-term investment option for most pension funds, Watson Wyatt claimed.