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George Osborne’s last chance

The Chancellor could be a bold reformer—but he must act soon

By Peter Kellner  

Britain's Chancellor of the Exchequer George Osborne walks from his official residence 11 Downing street in London, Wednesday, Feb. 24, 2016. ©Alastair Grant/AP/Press Association Images

Read more: How ditching paper could save the Treasury £10bn a year

We know one thing about next week’s Budget—that Chancellor George Osborne won’t reform the system of pension tax relief. And we can predict one more thing—that he probably won’t reduce the top rate of tax to 40…

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