Chancellor warns of 'economic emergency' in Spending Review as borrowing hits £394bn
Chancellor Rishi Sunak has warned that the UK’s “economic emergency has only just begun”, as he revealed that the Office for Budget Responsibility (OBR) has forecast the economy will contract this year by 11.3% - the largest fall in output for more than 300 years.
In the Comprehensive Spending Review for 2021-22 today (25 November) the chancellor announced that the UK is forecast to borrow £394bn - accounting for 19% of GDP, which is the highest recorded level of...
More on Industry
How the pandemic created admin winners and losers
After initial fears, the future of admin looks positive. Holly Roach reports.
Rising Star Awards 2021: Nominate now!
There are just eight days to go to nominate the very best new starters, trainees and mentors of the pensions industry, as well as the organisations who support them, for this year’s Professional Pensions Rising Star Awards!
Older workers saving less for retirement as a result of Covid-19
Some 1.7 million workers in their 50s are saving less for retirement due to the pandemic, latest research from Legal & General (L&G) reveals.
Have your say: Are chair's statements fit for purpose?
In this week's Pensions Buzz, we want to know if you think chair's statements are fit for purpose.
Number of flexible payments from schemes rises by 10%
HM Revenue and Customs (HMRC) has revealed a 6% rise in the amount withdrawn flexibly this quarter versus the same period last year, and a 10% increase in the number of individuals using this freedom.
