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Since 2012, 10 million eligible workers have been automatically signed up to workplace pensions. From April, their contribution will rise from 3% of their salary to 5%.
The housing market outlook over the next three months is the worst for 20 years, surveyors say. A net balance of 28% of Royal Institution of Chartered Surveyors (RICS) members expect sales to fall in the next three months. It's the most downbeat reading since records started in October 1998 and the pessimism is blamed on the lack of clarity around Brexit. Lack of supply and affordability also continued to affect the market. Sales expectations for the next three months are now either flat, with no change predicted, or negative, indicating falling sales, across all parts of the UK, the report said.
Responding to last night's vote on the EU Withdrawal Agreement, the chief executive of UK Finance warned that "time is running out to avoid a chaotic ‘no-deal’ Brexit that would be catastrophic for the UK economy". The Bank of England governor today said markets believe Brexit could be softened or even cancelled after Theresa May's catastrophic defeat last night.
Every 10 years or so a financial crisis hits global markets and its 10 years since the last one. This week the IMF warned that not only are the storm clouds of the next global financial crisis gathering, but also that the world financial system is unprepared for another downturn.
Feeling a little lost on Brexit? Never really got your head around it in the first place? Let us walk you through it.
