Pension Tax Raid by Potential Chancellor Shabana Mahmood Could Yield £20 Billion for Andy Burnham

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politics

18 July 2026 at 7:17 am

Pension Tax Raid by Potential Chancellor Shabana Mahmood Could Yield £20 Billion for Andy Burnham

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Summary

A potential tax raid on pensions, if Shabana Mahmood becomes chancellor, could provide Andy Burnham with £20 billion, as Mahmood has previously supported slashing pension tax relief for higher earners.

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