There are few things the average Brit wants to talk about less than pension savings. I get it, believe me.
Not only do most of us tend to recoil from conversations about money at all, but saving for retirement can feel a very long way off when we’re young. Similarly, as everyday expenses and one-off costs come up and we grapple with a cost-of-living crisis, long-term savings will understandably get bumped down the priority list. There’s only so long we can do this, however, before we’ll be forced to live with the consequences. And they may not be pretty.
It can’t be right that we are making it even harder to get money into their pensions while we still have time to do so. Is there a better way? The government has a chance to create a real and meaningful economic legacy right now that improves the lives of its citizens for generations to come. In my view, this will involve showing businesses why it is in their best interest to pay more into their employee’s pension pots, rather than economically punishing them for doing so.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Worst Of All Worlds': Fresh Blow For Rachel Reeves As Businesses Make Gloomy Forecast For 2025Kevin Schofield is Politics Editor of HuffPost UK.
Read more »
Rachel Reeves describes ‘challenge’ of fixing economy as ‘huge’The Office for National Statistics said on Monday that UK gross domestic product (GDP) showed no growth between July and September.
Read more »
Rachel Reeves needs 'Christmas miracle' to boost economyRevised figures show no economic growth for six months
Read more »
Rachel Reeves is playing Buckaroo with Britain's taxesThe mad thing about this country is that it doesn’t encourage you to do well
Read more »
China beckons for Rachel Reeves - as chancellor faces mounting fears over UK debt crisisRachel Reeves is facing sustained criticism surrounding this week's visit to China amid fears the UK's economy is 'flatlining' after borrowing costs hit a 27-year high.
Read more »
Rachel Reeves' £25bn National Insurance raid could force more than HALF of British businesses to...The figures provide the latest evidence of how firms are scrambling to respond to the tax hike and as the boss of Marks & Spencer said it would be a challenge.
Read more »