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Challenge Peston

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Labour's AI Catching Tax Break

Almost all of it is stuff that you would expect Labour to vote for, except one big policy. It's the abolition of what's known as the lifetime limit for how much people can save in a pension and also an increase in the amount that people can save per year in a pension. That's going to cost on average about a billion pounds a year. And it's basically rewarding with tax breaks, particularly people on higher incomes. Labor hates it, there'll be a vote on it next week. I don't know whether it'll go through or not.

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