UK State Pension officially the worst in the world (worse than Mexico)– but still needs to be cut further. Middle income groups receive worse pensions than any other country in the OECD. Government actuaries say under-30s won’t get state pension till their 70s as new State Pension system is unaffordable. Full article is on http://pensionsandsavings.com
Currently, a total of 18.5% of pensioners in the UK aged 75+ have incomes below the poverty line. The main reason for this is the UK’s low level of state pension. Business for Scotland have several articles about pensions which are worth a read.
British workers can expect among the worst pensions in the developed world, according to a report from investment bank UBS, which compared the retirement outlook for a 50-year-old woman in major cities across the globe. Pensions compared How much a state plus “mandatory” pension will be worth at retirement as a proportion of current income, based on a 50-year-old female in each city Singapore 73% Sydney 72% Paris 69% Milan 67% New York 55% Tokyo […]
Recently Jeremy Corbyn, on one of his occasional visits to “North Britain” – a.k.a. Scotland – is reported to have said that it would be difficult for Scotland to have its own distinctive legal system, separate from that in England. Would someone please take him on one side and gently whisper in his ear that Scotland has had its own distinctive legal system for centuries.
Large quantities of North Sea oil are processed on the rigs and exported directly to other countries without coming ashore. Prior to December 2016 oil that was shipped directly from the rigs was counted towards the Oil Companies’ Head Offices, rather than being counted as produced in Scotland. Oil imported or exported into or out of the UK was normally associated with the region of the UK where it was produced, but oil exported directly […]