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Phoenix Group comments on the triple lock analysis in The Times

“Decisions around the state pension triple lock carry huge political significance given the impact on a large proportion of the electorate. Over half of retirees derive the majority of their retirement income from the state pension*, so any changes to the triple lock will have a material impact on the day-to-day lives of millions of… Read more »

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Shadow chancellor George Osborne fears "collapse of sterling" if budget deficit continues to grow
Osborne raises spectre of run on the pound

Shadow chancellor George Osborne has expressed fears that the pound could suffer a dramatic fall in value if the country’s budget deficit continues to grow. Speaking to the Times, the Tory frontbencher criticised the prime minister’s plans to increase public spending in order to provide a boost to the country’s economy. Previously, Gordon Brown has… Read more »

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Thousands may be forced into debt
Thousands of lone parents may be forced into debt

Controversial plans by the government to change benefits for single parents will result in around 55,000 people being forced into debt. The government wants single parents with children aged 12 or over to move from income support to job seekers allowance from November this year, causing a week’s gap in benefit payments. This will force… Read more »