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It's all part of having a long-term economic plan where we build our country on savings and investment.’ Shadow chancellor Ed Balls claimed Mr Osborne would give with one hand and take with the other Mr Osborne said: ‘It's all part of trusting people who have worked hard and saved hard all their lives. With just weeks to go before the election, the move is likely to be seen as an attempt to win over wavering older voters.
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The Chancellor is expected to extend the same freedoms to the five million pensioners who already have annuities from April 2016.
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