May 2013 Archive

Rise in use of food banks is a "national disgrace"

Oxfam says the use of food banks in the UK has almost tripled in 12 months

The use of food banks has nearly tripled and the main cause is changes to the welfare and benefits system, according to a new study.

OECD warns on the growing problem of youth unemployment

The OECD has warned that youth unemployment is rising to dangerous levels

The OECD has warned that youth unemployment is set to increase further after it has grown by a third since the financial crisis.

Hartnett joins Deloitte as tax consultant

Former HMRC boss Dave Hartnett has joined Deloitte as a tax consultant

The controversial former head of HMRC Dave Hartnett who was involved in "sweetheart" deals with Goldman Sachs and Vodafone has joined tax advisers Deloitte as a consultant.

HMRC misses tax credit fraud target by £5 billion

HMRC has missed government targets on reducing fraud in the tax credit system

A new report by the Public Accounts Committee has found that HMRC has only managed to reduce fraud and error in the tax credit system by £3 billion after being set a target of £8 billion by the government.

One in seven to rely on state pension in retirement

One in seven to rely on state pension

Prudential reveals 14 per cent of Brits have yet to grasp the importance of saving a pension and are relying on the state pension to fund their retirement.

Markit reports improvement in household finances as pay grows

Markit reports household finances are improving

Markit's latest household finance index shows an improvement as extra work help increase spare cash and inflation expectations recede.

Unemployment rises by 15,000 to 2.52m in first quarter of 2013

Unemployment edged up in the quarter ending March 2013

Unemployment rose slightly, by 15,000 in the three months ending in March 2013, less than most economists predicted.

Pension charges to be banned under auto-enrolment

Pensions Minister Steve Webb wants to encourage people to join a company pension scheme

The government has announced an outright ban on pension consultancy charges under auto-enrolment and is consulting on a cap on defined contribution scheme charges.

Permanent job vacancies rise for 7th month running, says KPMG

A new report by KPMG suggests permanent job vacancies are rising

The latest KPMG/REC hobs index shows a rise in demand for permanent staff for the seventh consecutive month suggesting the problem of underemployment may be receding.

Closing pensions loophole could cost as much as it saves

Pensions Minister Steve Webb

The government is to stop people living abroad who are married to UK citizens from claiming a state pension in a move that could affect 220,000 people.

10 things you might not know about equity release

10 things you might not know about equity release

Equity release expert Alex Cross, Head of Product Management from McCarthy & Stone guides us through the important points to consider if you are planning equity release to help with your retirement.

Niesr: "Underemployment" should be included in official figures

Underemployment of young people is a major problem, says Niesr

New research by the National Institute for Economic and Social Research shows that 30% of young people in work would like more hours making it more difficult for unemployed young people to get a job.

Top 5 cheap locations for a UK retirement

Blackburn is a cheap location to retire in

If you're planning your retirement, you'll want to make sure your funds cover your living costs and allow you to enjoy a comfortable lifestyle during your golden years. If the area you live in is expensive, give some thought to moving to a cheaper location so your money goes further.

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