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.
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Further rain will then arrive into southeast England through the latter part of the afternoon and evening.
The Prime Minister said the numbers ‘may’ come down in ‘some sectors’ under the Conservatives’ points-based system.
The warnings and alerts cover most of England.