AJ Bell lays the odds for UK post-Brexit reforms
By Kirsten Hastings, 1 Jul 16
With UK chancellor George Osborne having abandoned his plans to generate a budget surplus by 2020 following Brexit, AJ Bell senior analyst Tom Selby gives his odds on whether HM Treasury will adopt any of the six radical money saving options available to them and if the Pensions Bill will be delayed.
“The triple-lock, which guarantees the state pension rises with the highest of earnings, prices and 2.5%, would have been in severe jeopardy had David Cameron followed through with his promised post-Brexit emergency budget.
“However, confirmation the ‘punishment budget’ will not happen, coupled with the fact the Brexiteers have pensioners to thank for their victory, makes removing this valuable benefit politically tricky.”
