Budget Pension Giveaway Won't Keep Doctors In NHS, Hunt Told
The Guardian|March 17, 2023
Jeremy Hunt is battling to justify his budget pensions giveaway to the richest 1% in the country after two leading economic thinktanks warned it may have no impact on NHS retention and open a vast new loophole for tax avoidance.
Richard Partington, Phillip Inman and Kiran Stacey
Budget Pension Giveaway Won't Keep Doctors In NHS, Hunt Told

The Institute for Fiscal Studies and the Resolution Foundation both said it was doubtful that the £ibn tax break would meet the chancellor's stated goal of retaining more senior doctors in the workforce, and that it may allow wealthy individuals to avoid inheritance tax.

Keir Starmer, the leader of the Labour party, renewed his attack on the surprise decision at the heart of the chancellor's budget, while promising to reverse it if his party won the next election. Starmer has said Labour would address the staffing crunch in the NHS by limited the tax break to doctors only, rather than extending it to all high earners.

He said: "It's very easy to bring in a tailor-made approach just for doctors - it was done for judges just a few years ago. And so the idea that a billion-pound giveaway to the richest 1% was necessary just falls apart the moment it is examined."

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