The Leader

Hunt’s plan to boost your pension pot by £1K

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Episode notes

Chancellor Jeremy’s Hunt’s claiming earners on average salaries will be over £1,000 better off every year in their retirement - but how?

In his first Mansion House speech, Hunt set out his plans to reform the pension industry as part of a series of measure he reckons could bring in up to £75 billion.

It came as unemployment and wage growth both unexpectedly rose on Tuesday, while two-year mortgage rates at 15-year high of 6.66 per cent.

And Bank of England governor Andrew Bailey was bullish in his speech at the annual City gala dinner, reporting inflation “is set to fall markedly over the remainder of the year”.

But is it - or is it all pre-election smoke and mirrors?

The Leader podcast’s joined by Alfie Stirling, chief economist and associate director at The Joseph Rowntree Foundation.

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