The policy aimed to tackle the problem of millions of small workplace pension pots being lost as workers change jobs, with employers instead paying into one portable pension pot which would be taken from one job to the next. The DWP published a call for evidence last November, but the proposal was widely criticized by … Read more
Nearly 60 per cent of people aged 60 and over in mainland China are empty nesters – an increase of more than 10 percentage points in a decade – and most say they cannot afford to live in a nursing home, according to a nationwide survey. The poll, conducted every five years by the Ministry … Read more
Bank of England Governor Andrew Bailey hit back against former U.K. Prime Minister Liz Truss, saying her downfall was caused by her decisions and those of her team, rather than any “deep state” conspiracy. “I don’t know what she means by that,” Bailey told the Guardian in an interview published on Thursday. “I’ll say this … Read more
Kommt das Rentenpaket II oder ist es doch noch der Tropfen, der das Fass zum Überlaufen bzw. die Koalition in die Brüche gehen lässt? Vorgestellt, verändert, nicht beschlossen im Kabinett, beschlossen im Kabinett, erneut kritisiert, erneut verteidigt – der Streit um die Rentenreform ist unendlich. Wie dieser Streit nun fortgesetzt wird, analysiert Gordon Repinski in … Read more
It marks the latest doubling-down from Truss on her free-market agenda — and comes as the Tory Party she once led tries to shrug off a hefty election defeat under her successor Rishi Sunak and pick a new leader. Truss argued that the mini budget, which offered a host of tax cuts and supply-side reforms … Read more
Neil Amin-Smith Neil Amin-Smith | Frazer Harrison/Getty Images for GLAAD He’s a former popstar who’s now the main adviser on financial services policy for Chancellor Rachel Reeves. Neil Amin-Smith, the ex-violinist of chart-topping band Clean Bandit, is the key political person in the Treasury for City policy and for the party’s investment ambitions. He also … Read more
Sewing said that EU citizens work about 34 hours a week on average compared with about 28 hours in Germany. He argued that Germany should embrace longer work-weeks. “We won’t manage it with an average of 28 hours per week and a pension at 63,” he said. The euro area’s biggest economy has been digesting … Read more
Macron on Tuesday held talks with conservative leaders including Senate leader Gérard Larcher and conservative parliamentary leader Laurent Wauquiez, according to several people with knowledge of the talks who were granted anonymity because they were not authorized to speak publicly, seemingly solidifying Bertrand’s status as likely nominee. But by Tuesday afternoon, Bertrand was already facing serious … Read more
UK Chancellor Rachel Reeves is facing fierce criticism after it was revealed that she used taxpayer money to help cover her energy bills, while at the same time, her government is cutting winter fuel payments for pensioners. This revelation has led to accusations of hypocrisy and a growing backlash from the public and political figures … Read more
China’s economic system is founded on the reforms carried out in the 1990s. With the unification of dual exchange rates in 1994, markets became the main tool to set prices. Many state-owned enterprises were either privatised or went bankrupt. Since then, privately managed businesses have consistently gained ground. The conventional formula to describe the role … Read more
