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Budget 2016: Low-paid workers to receive savings bonus

Employees on in-work benefits who put aside £50 a month would get a bonus of 50% after two years - worth up to £600.

That could then be continued for another two years with account holders receiving another £600.

But Labour said the scheme was "like stealing someone's car and offering them a lift to the bus stop".

Iain Watson reports.

  • 14 Mar 2016