Jeremy Hunt: Pension triple lock is an ‘anchor drag’ on economic growth Politics Former chancellor Jeremy Hunt has warned that the triple lock on the state pension is acting as “an anchor drag on economic growth.” In an interview with CityAM, Hunt said that above-inflation rises to the state pension are being funded “by more debt” on future generations and called for every major party to pledge [...]
UK economy showing signs of ‘zombie apocalypse,’ says think tank Economics The UK economy faces a “zombie apocalypse” in the coming year, as years of tough trading conditions force thousands of unproductive firms to the wall, an influential left-leaning think tank has predicted. The Resolution Foundation forecasts a “triple whammy” of multi-year increases in interest rates, energy prices and the minimum wage will lead to the [...]
Household costs hit private renters and families in Labour’s first year Economics Household costs rose higher for families and renters than other groups in the year to June, official data has shown, as inflation has nearly doubled in the first year of Labour compared to the last year of the previous Conservative government. The Office for National Statistics (ONS) said overall UK household costs rose by 3.9 [...]
State pension could face insolvency by 2036 despite tax hikes July 6, 2025 Britain’s state pension could become financially unsustainable as early as 2036, despite recent increases in National Insurance contributions, according to new modelling by the Adam Smith Institute (ASI). The think tank warned the Treasury is on course to spend more on welfare payouts than it receives in National Insurance receipts within just over a decade. [...]
Winter fuel payments to return for 9m pensioners in £1.3bn Labour u-turn June 9, 2025 The winter fuel payment will be handed out to 9m pensioners whose income falls below £35,000 a year, the Treasury has revealed, in a £1.25bn blow to Chancellor Rachel Reeves’ chances of keeping her £9.9bn headroom intact.
What is ‘clearly missing’ from Rachel Reeves’ pension review May 29, 2025 A senior figure at investment bank Peel Hunt has set out what is “clearly missing” from Chancellor Rachel Reeves’ plans for reforming the UK pension industry. The government has provided more details on its proposals which include the creation of £25bn ‘megafunds’ to encourage fresh investment into UK infrastructure and businesses. The Treasury has also [...]
PensionBee: Losses slashed as US expansion helps revenue surge March 13, 2025 PensionBee has hailed a “transformative year” for the listed business as it slashed its pre-tax loss and grew its revenue by almost £10m as it expanded into the US. The company has posted a pre-tax loss of £3.1m for 2024, down from the £10.5m loss it reported for 2023. New figures filed with the London [...]
Pensionbee boss reveals the secret to a successful pension October 22, 2024 Pensionbee CEO Romina Savova has revealed what she describes as the big secret behind a successful pension.
Government accused of trying to hide ‘horrific’ impact of winter fuel squeeze September 14, 2024 Sir Keir Starmer’s government faced accusations of trying to hide from the “horrific” impact of the decision to strip winter fuel payments from millions of pensioners. More than 80 per cent of people aged 80 and over will lose out, as will more than 70 per cent of pensioners. Even among those who should still [...]
Janet Street-Porter embodies this country’s pensioner problem May 17, 2024 Where on earth does Loose Women's Janet Street-Porter get the idea Rishi Sunak 'hates pensioners'? The entire Conservative agenda is built around appeasing this entitled generation and the rest of us are paying for it