Savings

Queen’s Speech promises employment changes

An extension of the right of employees to request flexible working and a faster than planned raising of the state retirement age both formed part of the new coalition government’s first Queen’s Speech.

Inflation and VAT concerns make life worse for savers

News that the UK consumer price index rate of inflation made a surprise jump to 3.7 per cent last month will add to the discomfort of the nation’s savers.

Personal pensions contributions show a marked slide

Contributions to personal pension funds dropped significantly during the recession.

Emergency Budget set for 22 June

The Chancellor, George Osborne, has announced that the emergency Budget will be delivered on Tuesday 22 June 2010.

Pension schemes in the red again

Final salary pension schemes registered a deficit last month after moving briefly into surplus in the previous month.

New coalition government outlines business and tax proposals

The UK’s first full coalition government since the Second World War is set to introduce a series of new tax and business legislation.

Savers under the cosh

A combination of low interest rates and rising inflation has made it exceptionally tough for the UK’s savers.

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