Dr Ros Altman, Director general of Saga, has accused the Bank of England of failing to properly address the impact of quantitative easing on 21 million people over 50 who she says have been negatively impacted.
The damage is particularly problematic, yet the Bank keeps suggesting it is not due to QE. The reality is very different. Buying gilts and artificially driving down gilt yields which underpin both defined benefit and defined contribution pensions is causing significant economic damage, is permanently impoverishing pensioners, is pushing up inflation and damaging consumer spending. All the negative impacts need to be taken more seriously.
More top news
A hitchhiking robot that won the hearts of fans worldwide has met an untimely end after being vandalised on its trip across the US.
Rules could be changed to remove support for failed asylum seekers living in Britain with their families, a Home Office minister has said.
More than 50 dog surfers of all breeds and sizes joined an annual dog surfing competition in California