Bring back the 10p tax rate!
Government reforms in the pre-budget report will not solve our problems and Ros suggests an alternative approach.
Critique of measures in Pre-Budget Report
Ros critiques measures in Government’s Pre Budget Report, explaining why cutting VAT will not work and recommending reducing direct taxes and increasing pensions instead.
Crazy to bail out IceSave retail deposits 100%
Press Release highlighting the dangers of printing money to bail out retail bank depositors 100% while long term savings remain maximum 90% safe. There should at least be some quid pro quo for taxpayers protecting above the £50,000 limit.
Credit crisis measures will worsen the pensions crisis
Press Release explaining why the panic measures aimed at stabilizing the banking system will make the pensions crisis worse and lead to a serious pensioners crisis soon. Ros calls for the Government to issue more long-dated gilts and longevity or mortality bonds.
Credit crisis results from duration mis-match, short-term thinking not the answer
Press Release suggesting the credit crisis is due to short-term policy which borrowed from the long-term and will have to be paid back. Until policymakers understand this, they will not solve the problem and short term panic measures are not the answer.
Women state pension reforms more spin than substance
Latest proposals to reform state pensions by allowing women to buy extra years of national insurance entitlements will allow more women to receive a full basic state pension, but there are many hidden dangers to beware of.
Transparency needed urgently on public sector pensions
Press Release highlighting the generosity of public sector pensions relative to private schemes and calling for transparency in the costs and accounting for these significant future liabilities.
Final salary scheme deficits soar again
Press Release commenting latest figures showing rise in final salary scheme deficits for FTSE 100 companies caused by falling equity markets and disappointing corporate bond returns.
Victory again in Judicial Review Appeal
Three appeal court judges delivered a stunningly strong verdict against the UK Government. They dismissed the Government’s appeals against the Judicial Review High Court ruling and upheld the verdict that its behaviour in this case has been irrational and unlawful. They also found that the maladministration caused more than just financial losses, but also led to non-financial injustices which have not yet been recognised at all.
Victory – A decent FAS settlement at last!
Wonderful news! Press Release welcoming the announcement from Peter Hain, Secretary of State at DWP, that the FAS will be extended to put it on a par with the Pension Protection Fund, following publication of the Young Review.