Exclusive: Pension triple lock to be watered down by Government
The pension “triple lock” guarantee long championed by the Conservative Government is set to be watered down next year in a move that will save the Treasury billions of pounds.
ECONOMY
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ECONOMY
August 18, 2021 -
ECONOMY 
August 17, 2021 Job vacancies top 1 million as economy rebounds from crisis
The number of job vacancies has topped 1 million for the first time ever as the economy recovers from the pandemic, the Office for National Statistics said.
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ECONOMY
August 15, 2021 Capital gains tax: Rishi Sunak could hit savers with ‘significantly more tax’ on assets
Revenue from capital gains tax reached a new high in the 2019-2020 tax year, bringing in £9.5billion for the Government, according to new HMRC data. These figures came despite the fact that the number of people paying the levy has continued to decline. Last year 265,000 taxpayers paid capital gains tax, down from 276,000 in […]
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ECONOMY
July 28, 2021 State pension: Retirement age should increase to help UK recovery, official states
The State Pension age currently stands at 66 for most people, after changes recently. Historically, the state pension age stood at 60 for women and 65 for men, but changed by late 2018 in a process of equalisation. It is set to rise to 67 between 2026 and 2028, and once again to 68 from 2037 onwards.
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ECONOMY
July 26, 2021 Brexit Britain sees economic boom with fastest growth in 80 years… as EU left lagging
After the pandemic led to a catastrophic plunge in GDP in 2020, the UK is set to be one of the fastest economies in the West to once again be firing o all cylinders. In 2020 Britain saw its economic output drop by 9.8 percent.
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ECONOMY
July 23, 2021 Sterling dips as COVID caution creeps in
LONDON (Reuters) – Sterling fell on Friday despite better-than-expected retail sales data as investors weighed up the risk of a further rise in COVID-19 cases and the impact of self-isolation on Britain’s food and travel industries.
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ECONOMY
July 20, 2021 Morrisons suitor teams up with rival in £6.3bn bid attempt
Private equity firm Apollo Global Management, which confirmed it was considering a bid for Morrisons earlier this month, said it will no longer be making an offer for the supermarket.
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ECONOMY
July 19, 2021 ‘Frenzied buyer activity’ drives UK house prices to new high
Months of “frenzied buyer activity” have driven the average asking price for a home in Britain to a new high, according to the property website Rightmove.
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ECONOMY
July 18, 2021 State pension age ‘unlikely’ to be reduced as Rishi Sunak contemplates tax raid
Earlier this week, Chancellor Rishi Sunak was urged to lower the pension age in order to boost the UK’s economic recovery. State pension age is currently set at 66, however, a new petition on the official Parliament website has called for a reconsideration of this matter. The petition is entitled: “Move the state pension age […]
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ECONOMY
July 16, 2021 Savings fears as second Bank of England official warns of 4% inflation rise
Savings could well be impacted by an inflation rise, with interest rates likely to be affected. This will create concern for Britons who are determined to grow their money while keeping it safe. Yesterday, it was announced inflation rose to 2.5 percent in the 12 months to June, however, this may not be the end […]
