November 14, 20240 Comments

Rachel Reeves in radical pension shake-up to boost growth

Chancellor Rachel Reeves is planning what she calls the “biggest pension reform in decades” in an attempt to boost economic growth. The government wants to merge the UK’s 86 council pension schemes into a handful of “pension megafunds”. It is hoped the changes will lead to billions of pounds being invested in the UK in areas such as energy infrastructure, tech start-ups and public services. Reeves told the BBC that

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November 12, 20240 Comments

Post Office jobs and branches at risk in shake-up

More than 100 Post Office branches and hundreds of head office jobs are at risk as part of a radical shake-up of the business, the BBC understands. Under the plan, 115 loss-making branches wholly owned by the Post Office could be closed. The Post Office is looking at options including alternative franchise arrangements where another operator or third party could take on the branches instead. These sites employ around 1,000

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