Lib Dems claim credit for LTA cut despite Webb calls for abolition

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The Chancellor's announcement that the lifetime allowance (LTA) on pension savings would be slashed by £250,000 was a Liberal Democrat policy, the party has said.

This is despite the fact that Lib Dem pensions minister Steve Webb has called for the LTA to be axed, describing it as an "illiberal" concept in a previous interview with the Daily Mail. But pub...

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