Here’s an idea for our current Chancellor. Yes, by all means cap pension tax relief at 20%. But then at the same time, scrap all the annual and lifetime allowances which were designed to stop high earners creaming the pension system. Lower tax relief would offer similar, but more straightforward discouragement. It’s the ‘straightforward’, of course which means it’s unlikely to happen. There would at once be so many exceptions included or lobbied for that it would be anything but. Anyway, come the revolution…
“Stocks surge and yields stabilise as Trump tariffs paused”
“The reason our stock market is so successful is because of me. I’ve always been great with money, I’ve always been great with jobs, that’s what I do”, said the man himself about (of course) himself. And, yes, one tweet, if we’re still allowed to use that old Woke term, on Truth Social can indeed send markets firmly up as well as down.
