Retirement ages are going to have to rise. This has been made clear in recent suggestions that the State pension age for men will not only rise from 65 to 66 by 2016, but will also continue to rise by one year in every five, which has had some people...
Industry News
Regime change at BP
It has been announced that Barack Obama is to meet the chairman of BP. Given the different roles that the chairman and chief executive of an organisation have, it is interesting that the US President wants to meet the former rather than the latter. The...
An infinite number of economists
There is a well-known theory that if you give an infinite number of monkeys a typewriter each, then eventually one of them will produce the complete works of William Shakespeare. Would they also produce the complete works of John Maynard Keynes (or Adam...
The real issue with Moody’s and mortgages
In his evidence to the US Financial Crisis Inquiry Commission Warren Buffett has rejected criticism of Moody's, saying that they made the same mistakes that everyone else in relation to the housing market crash. This ignores the nature of the mistakes made...
Abolishing compulsory annuitisation
A letter in the Times yesterday stated that the new Government will remove the requirement to buy an annuity at retirement, resulting in pensioners running out of money. It also implied that the sole reason for making this change was to increase the...
Privatising Royal Mail
The UK's new Government has put forward plans to privatise parts of Royal Mail, and has suggested that there will be opportunities for employee ownership. This could be a sensible move to help make any privatisation a success - but only if it is done...