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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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Boris Johnson leaves No 10 Downing Street. Some of his key officials are set to face the Covid inquiry this week.
Johnson under pressure over growing calls for energy windfall tax

Keir Starmer took Boris Johnson to task over resisting growing calls for a windfall tax in the first Prime Minister’s Questions of the new parliamentary session. Labour’s leader repeatedly asked Johnson why the government was doing the “hokey cokey” on a one-off tax on energy companies to ease the pressures of the cost-of-living crisis for… Read more »

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Inflation hits 'shocking' highest rate for four decades
Inflation hits ‘shocking’ highest rate for four decades

Consumer price index (CPI) inflation hit 9 per cent last month, its highest rate in four decades. CPI Inflation rose by 2 percentage points between March and April this year – the sharpest monthly increase since 1980. The Bank of England previously said inflation could hit 10 per cent by the end of 2022. This… Read more »