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
Zac Goldsmith lost his Richmond Park seat in a shock defeat to the Liberal Democrats.
Nicola Sturgeon has suggested Theresa May called a snap general election before alleged Tory expenses fraud in 2015 "catches up with her".
From country bumpkin to space superwoman: U.S. astronaut Peggy Whitson breaks record for the most cumulative days in space