Tuesday, July 20, 2010
Which isn't a surprise, but good article on the way published government figures have become meaningless. Talks about the switch for UK pensioners from RPI to CPI and suggests 25% overall loss in real income. Makes me worry about steps to introduce an additional (on top of NI) mandatory pension saving scheme. We will then have two schemes, both mandatory, and both with zilcho chance of even matching the amount you put in. Much worse in the US apparently.