- Chancellor George Osborne's pensions and savings revolution has been welcomed by former Downing Street adviser Ros Altmann.

Altmann - an adviser to Tony Blair during his premiership - described it as 'a Budget wishlist come true' and that she was almost speechless at the measures announced.

She said: "After so many years of waiting for good news, suddenly so much comes at once. Like the proverbial Number 13 buses, a whole raft of policies has all come at once - and they are good news.

"It's also a brilliant Budget for Tory election prospects of course.

"The devil of some of this will be in the detail but overall this is just good news all round. And will even bring in more tax for the Chancellor short-term as pension lump sums will deliver higher tax revenue than taking small amounts of income or delaying annuity purchase."

Story provided by