Chancellor Jeremy Hunt will today promise “evolutionary not revolutionary” pension reforms to unlock capital for high-growth businesses and boost outcomes for pension savers.

Richard Mattison, director at SSAS specialist Whitehall Group, comments on the scrapping of the Lifetime Allowance, the raising the Annual Allowance and the unintended consequences they could cause.

This year’s Budget has baffled me more than most. I still cannot get my head around why a seemingly highly conservative Chancellor Jeremy Hunt threw out a decade of pensions taxation policy and effectively said “to hell with it.”

This is the full text of Chancellor Jeremy Hunt's Spring Budget 2023 to the House of Commons today.