Addressing tomorrow's challenges

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Shadow Chancellor of the Exchequer, Oliver Letwin delivers his views on the financial services industry

As shadow Chancellor of the Exchequer, Oliver Letwin faces a number of challenges as he attempts to score points off the Government. One possible area of attack is initiatives such as Child Trust Funds (CTFs), which have been largely snubbed by fund management groups. Letwin's counterpart, Gordon Brown, has also faced accusations that removing the dividend tax credit from pension funds has hastened the demise of the final salary pension scheme. But with a general election likely in the next few months, Letwin, who in 2001 was accused of briefing the press that he would cut £6bn from gove...