Tag: Institute of Directors

Treasury member dismisses CIPD claim

Treasury member dismisses CIPD claim

Michael Fallon, a member of the Treasury Select Committee and the Tories’ deputy chairman, has dismissed the claim from the Chartered Institute of Personnel and Development (CIPD) that more than a million jobs will be lost due to spending cuts. Yesterday, Dr John Philpott, CIPD chief economic adviser, said the private sector will be hit [...]

November 3, 2010 | 0 Comments More
UK interest rates and QE remain on hold

UK interest rates and QE remain on hold

The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% – where they have been since March 2009. Furthermore, the Bank opted not to inject any more funds into the economy via its quantitative easing (QE) scheme – introduced to [...]

October 7, 2010 | 0 Comments More
BoE expected to keep interest rates on hold tomorrow

BoE expected to keep interest rates on hold tomorrow

The Bank of England’s Monetary Policy Committee (MPC) is tomorrow expected to keep UK interest rates on hold at the historically low level of 0.5% for the 20th consecutive month. Many economists expect no movement on interest rates until early 2011. However, in terms of quantitative easing programme (QE), Bank of England policymakers, Adam Posen [...]

October 6, 2010 | 0 Comments More
UK’s debt levels will result in tax and retirement age increases

UK’s debt levels will result in tax and retirement age increases

According to influential think tank, the National Institute of Economic and Social Research (NIESR), the UK’s out of control debt will result in tax hikes, cuts in spending and a rise in the retirement age. The NIESR believes that the build up of Government debt could reach 93% of GDP by 2015. UK debt is [...]

October 21, 2009 | 0 Comments More
IoD calls for increase in pension age

IoD calls for increase in pension age

The Institute of Directors (IoD) is calling for the UK state pension age to increase to 70 as soon as “reasonably practical” due to “greatly increased” longevity. The group argued that the state and private pension systems had become so complex that people were being deterred from saving for their retirement. The group is also [...]

October 19, 2009 | 0 Comments More