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Tories set to reveal savings plan

An increase in the limit on tax-free Isas will be floated by the Conservatives today.
The Tories will unveil a series of proposals including designed to stave off the UK savings crisis. Proposals are thought to include a lifetime savings account that would match part of savers contributions with payments from government.
The paper will be the sixth of eight consultation documents on taxation being developed by shadow Chancellor Oliver Letwin.

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