COMMENT

YET again, the Treasury turns its sights on the most frugal and self-reliant members of our society, with yet another stealth tax that could wipe nearly £850million off the value of long-term savings. By making provision for their own retirement, they lift a huge burden off the State. But now 11.6million of them are to be penalised, while countless others will be discouraged from saving. Whatever became of the Tories’ solemn pledge to stand up for those who ‘do the right thing’?