MPs warn Philip Hammond he will not get support in the Commons
Tory rebels have warned Philip Hammond that they intend to block his raid on pensions. Phillip Hammond, above, has given his strongest signal yet that he could raid pension pots to fund the NHS in this month's autumn budget however his comments have sparked retaliation from Tory rebels The comments fuelled speculation that he is planning yet another attack on pensions as he scrabbles for cash in this month's Budget. But the Chancellor is understood to be considering plans to reduce the amount that can be saved tax free to help pay for a pledge to increase health spending by £20billion a year. Anyone earning less than £150,000 can currently save a maximum of £40,000 a year into their pension pot, tax free – the so-called annual allowance. The Chancellor is understood to be considering plans to reduce the amount that can be saved tax free to help pay for a pledge to increase health spending by £20billion a year Mr Hammond insisted he was a low-tax Tory despite figures showing the tax burden is heading to the highest level for 50 years on his watch.
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