Don’t Read Too Much Into Our Forecasts, Says Watchdog

Britain’s newest financial navel gazer is urging politicians and businesses not to make important decisions based on economic forecasts as they are rarely accurate. Although Sir Charlie Bean is taking over one of the top jobs at the independent Office of Budget Responsibility (OBR), he claims predicting the future comes with a ‘wide range of … [Read more...]

Pension Freedoms Spark Tax Windfall For Treasury

Flexible access pension freedoms have triggered a tax windfall for The Treasury as retirement savers start to count the cost of drawing down their money. With billions of pounds locked away in pension funds, new rules introduced in April 2015 allow anyone over 55 years old to take some or all of their savings – providing they pay tax on the cash … [Read more...]

More Wage Cuts And Work Sharing On The Way

Falling wages and a rise in changing working practices around the world were triggered by the global credit crisis and are set to continue as economic revival stutters. The International Labour Organisation (ILO) Global Wage Report 2012 found companies are increasingly paying lower wages by cutting working hours and overtime. There’s also an … [Read more...]