Damned if you do and damned if you don't . Poor George Osborne. The biggest gripe of retirees with pensions is how they are being well and truly mugged by having to purchase a duff annuity. so what does he do ? He addresses the problem directly and gets pilloried for it.
An accountant in business
I've been blogging on my website www.formationsdirect.com for some time with my non-PC view of the world of economics,business and other stuff. If you like to read the views of somebody who doesn't "toe the party line" you've come to the right place. Government cock-ups, financial turmoil , business scandals and people's behaviour - I've got something to say about it , whether you like it or not.
Just about the only clever thing Gordon Brown (remember him ? ) did was to depoliticise interest rate setting by handing the job to the Bank of England. And it worked and nobody has squealed about it.
I am attempting to invest in an EIS , after all one has to provide for one's own pension as the professional managers and the government aren't up to doing it adequately.
So , once again our glorious leader , David Cameron , pledges to cut pointless rules. Well done and most commendable , especially as we will probably also benefit from spin-offs such as civil service savings because the rules no longer require enforcing .
Bitcoin is in the headlines again and many people are spellbound by the ongoing yo-yo of its value. I find the whole concept distasteful as wealth can be created by a limited few people (relative to the population) who have the requisite geeky abilities to solve the algorithm.
Centrica boss Sam Laidlaw has given his bonus to charity - very nice indeed . However it doesn't mean that corporate wages are lower , does nothing to address the issue of how much a plc boss is worth nor does it lower anybody's utility bills .
It's unbelievable , honestly . The 3 main parties are all united in their opposition to Scotland using the £ in the event of a "yes" vote . If nothing else is achieved out of the exercise it's that politicians are actualy capable of singing off the same hymn sheet. .
Sounds daft doesn't it ? But in today's "grab it and take it" mindset it gets the brain juices going.
Some people by nature are late , late, late and it is water of a duck's back . This really bugs the type A people (like I used to be but no much any more) ) . So the question is whether hiking it up in rapid increments would simply raise wedge more tax or make them file on time ?
So we're no longer the workshop of the world in case you hadn't noticed. But like so much of life there is a cycle and perhaps we're back at the top.