Pension raid on middle-class savers is off the cards, private Treasury correspondence says 

Phillip Hammond has ruled out the biggest pension tax raid in nearly a century after the Treasury has privately admitted that "now is not the right time".The Daily Telegraph can reveal the department has privately reassured businesses in correspondence sent out this month that a proposed raid on wealthy pension savers will not take place for the foreseeable future.It comes just weeks before Theresa May is due to trigger Article 50 which will begin the process of Britain leaving the EU.