News that Ed Balls is proposing another Labour tax raid on pensions brings back to mind one of Gordon Brown’s early actions as Chancellor when his own pensions tax raid – affecting all employer and personal pension plans and therefore most potential private sector retirees in the UK – raised billions for the Exchequer at the expense of people’s pensions.
With memories of the Brown tax raid still lingering, it’s odd that Ed Balls seems to be leading on a Robin Hood-style approach, robbing what he defines as the rich to help those without jobs.
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