Lib Dems reveal Brown’s new £4bn pension stealth tax

David Laws, Lib Dem shadow secretary of state for work and pensions, has compiled figures showing 8.5 million Britons who have opted out of the state second pension will be worse off as a result of Gordon Brown’s last budget, which will claw back £4 bn of rebates over the next five years.

I’m not going even to attempt to paraphrase a story about S2P rebates, so read the full story here.

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