The day after the Budget, we’re picking through what the Chancellor said and, just as importantly, what he didn’t. With no big surprises and barely a flicker from the gilt market, was this a deliberately dull Budget designed to avoid another 2022? Nick and Tom look at why that mini-Budget still casts such a long shadow, and why some of the less glamorous measures, like the changes to business rates for high street businesses, may matter more than they first appear.
Then it’s on to the pensions detail. We unpack the decision to keep the state pension tax-free for this Parliament, and whether it’s a genuine fix or a can kicked down the road that becomes the next triple lock. We also cover the Mineworkers’ Pension Scheme surplus and the frustration among trustees, the tweaks to CDC and guided retirement, LGPS pooling relief, and the OBR forecasts, where small changes in assumptions mean tens of billions of pounds.
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