Forcing young people to make private provisions for their old age costs a lot. Fund managers charge a fortune for managing our money. An annual pension fund charge of 0.5% per year (well below the government cap of 0.75% for workplace pensions) could – depending on investment returns – easily cost more than £4,000 over 30 years for every £10,000 invested in a pension. Charges compound horribly over time. There are some jobs that governments can do better than individuals. One of these is providing a pension. … [Read more...] about Scrapping the pensions triple lock would disadvantage young people in future
Look much older than i am
A spokesperson for DHSC stressed that officials have been dealing with an “unprecedented global outbreak, the worst pandemic for a hundred years”. “We have been working tirelessly with the care sector to reduce transmission and save lives, and have based all our decisions on the latest scientific and clinical advice – as a result nearly two thirds of care homes have had no outbreak at all.” … [Read more...] about Why did so many people die of Covid-19 in the UK’s care homes?
Speaking at the Downing Street press conference on Friday, Matt Hancock said the government had “tried to put a protective ring around our care homes” from the start of the pandemic, despite complaints from staff about a lack of PPE and testing. He boasted that “two thirds of England’s care homes have had no outbreak at all”. … [Read more...] about All care home staff and residents in England to be tested for coronavirus
VAT cuts and a possible car scrappage scheme were suggested by industry bosses to help the sector recover. A third of automotive workers remain furloughed as production slowly restarts, with some plants still closed. With the government’s job retention scheme due to end in November, there is a critical need to safeguard jobs, according to the Society of Motor Manufacturers and Traders (SMMT). … [Read more...] about UK car industry ‘could lose one in six jobs due to Covid-19 crisis’
Downing Street was expected to publish a list on Monday of countries which will no longer be subject to the 14-day self-isolation rules but, thanks to Ms Sturgeon's grand-standing, the decision has repeatedly been pushed back, causing holiday chaos and stoking growing anger among businesses, such as travel companies and airlines, that have been so hard hit by Covid. … [Read more...] about Holiday air-bridge lift-off: France, Spain and Italy are on list of quarantine-free holiday destinations as government FINALLY publishes guidelines