Rachel Reeves has warned that the state pension must be ‘affordable’ amid concerns that the younger generation may not receive it until they are 74. The Chancellor said increases in life expectancy have to be taken into account after ministers launched a review. Concern has been raised about the sustainability of the triple lock, which meansContinue reading “Pension Should Be Affordable, Says Reeves”
Tag Archives: IFS Think-Tank
The Inflation Rate Has Risen To Its Highest Level In 30 Years, At 5.5 Per Cent
The squeeze on families amplified as inflation crept up to another near 30 year high, with more despair to come. The headline CPI rate nudged up to 5.5 per cent in January from 5.4 per cent the previous month, with clothing and footwear costs adding to the burden. Chancellor Rishi Sunak said he’d been listeningContinue reading “The Inflation Rate Has Risen To Its Highest Level In 30 Years, At 5.5 Per Cent”