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UK pension reforms will cost UK Treasury 75,000 pounds per person in tax breaks, analysis shows

69% Informative
In his budget speech on Wednesday Jeremy Hunt scrapped the lifetime allowance on pensions -- the total that workers can pile into their retirement pot without incurring tax -- and increased the tax-free annual limit on contributions by 50% to 60,000 pounds.
The shift is designed to reverse a trend in the number of older workers dropping out of jobs since the pandemic, which has contributed to a shortage of staff and is fanning inflation.
VR Score
81
Informative language
91
Neutral language
56
Article tone
formal
Language
English
Language complexity
51
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
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