Recent equity falls are bolstering the gilts market, driving up the cost of purchasing an annuity and pushing down pension incomes.
The Bank of England yesterday voted through a £75billion cash injection into the UK economy in a move that has been widely praised by business organisations considering the move to be a necessary boost to business confidence at a time of worsening economic crises.
Producer prices inflation crept up again over September, with output prices showing particularly marked increases.
The Institute of Directors today publishes its response to the Office of Tax Simplification’s discussion paper “A simpler income tax system for the smallest businesses”.
Incidences of online fraud in the UK dropped by a third, in the first half of 2011, to £16.9 million, marking the second consecutive year of declines.
The Bank of England is to maintain interest rates at their historic low, whilst announcing a substantial boost to their asset-purchase programme.
Business organisations, including the British Chambers of Commerce, and the Institute of Directors are urging the Bank to increase its asset purchase programme as a necessary evil at a time of deepening crisis.
After years of deliberation which has left the UK’s insurers in a perpetual state of confusion, the Financial Services Authority has formally delayed implementation of the Solvency II directive.
The UK’s financial services sector continues to grow, though at a slower pace than the previous two quarters.
A last-minute delay in implementing EU directive, Solvency II, has left insurers in a state of uncertainty that risks overturning efforts made by the industry to implement the changes, PwC have said.