Gordon Brown's decision to abolish tax credits on dividends was a "misjudgment", according to Richard Lambert, director-general of the CBI employers' body, who said on Sunday that the move had weakened occupational pension provision.

Mr Lambert, a former member of the Bank of England's monetary policy committee, said the scrapping of tax relief in Mr Brown's July 1997 Budget had made "a significant contribution to the weakening of the country's occupational pensions platform".