By Adam Toms
22:00, Wed, Oct 7, 2026

Andy Burnham outlined his vision for Britain at Labour's party conference (Image: Getty)
UK households fear Andy Burnham will introduce further changes to pensions, an expert has warned. It comes as Brits endure huge taxes and billionaires flee the UK. An analysis of Bloomberg’s Billionaires Index found that residents worth a combined £121billion have either left or loosened ties with the country since Labour came to power in 2024. In November 2025, the Government announced it would be changing how salary sacrifice for pension contributions works. From April 2029, the amount that is exempt from National Insurance contributions (NICs) will be capped at £2,000 a year for employee contributions made via salary sacrifice. DE.