Why final salary pensions in the UK can now go unpaid without state help

Why final salary pensions in the UK can now go unpaid without state help

When long-term UK government bonds fell sharply following continued criticism of new economic measures planned by the UK government, it forced the Bank of England to intervene to prevent an “undue tightening of funding conditions and a reduction in the flow of credit”. to the real economy”. On September 28, the Bank announced that it …

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Government accounts revealed: New Zealand deficit well below forecast but more than double 2021 as COVID-19 spending bites

Government accounts revealed: New Zealand deficit well below forecast but more than double 2021 as COVID-19 spending bites

The accounts show that the operating balance before gains and losses recorded a deficit of $9.7 billion. This compares to a deficit of $4.6 billion the previous year. But that’s half the $19 billion deficit projected in May’s Economic and Fiscal Budget Update (BEFU). Robertson said the better-than-expected result was due to stronger economic conditions …

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Truss and Kwarteng warned not to stretch the medium-term growth schedule |  Economic policy

Truss and Kwarteng warned not to stretch the medium-term growth schedule | Economic policy

Liz Truss and Kwasi Kwarteng are warned not to stretch their medium-term growth plans beyond the traditional definition of three to five years, as Whitehall fears the budget plan will take the best part of a decade to be delivered. Downing Street insiders privately admit that the 2.5% target will not be met by the …

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Mortgage chaos raises fears of a property crash in Britain

Mortgage chaos raises fears of a property crash in Britain

Mortgage rates in the UK have soared since Finance Minister Kwasi Kwarteng’s mini budget on September 23, prompting banks to withdraw mortgage products threatening to deepen the expected slowdown in the housing market. Dan Kitwood | Getty Images LONDON — There are growing fears of a slump in the UK property market, after a series …

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Get your hands on part of an A380 – from the lavatory to the business class bar

Get your hands on part of an A380 – from the lavatory to the business class bar

Aircraft enthusiasts everywhere will soon be able to get a small slice, or in some cases quite a big slice, of aviation history next week as parts and trim for an A380 goes under the hammer. . More than 500 items will be auctioned over three days at a charity event in France, with the …

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