Archive for June, 2010

The assault on pensions: Gambling our retirement on the financial markets

Posted on June 16th, 2010 in UK Crisis

Our ability to plan for a reasonable retirement is under severe attack. But why this is happening? There are three main types of pensions: private pensions received by those who worked for private corporations, public pensions for those employed in the state sector and retirement pensions paid by the state to those over a certain [...]

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How Much Money is Lost through Tax Avoidance?

Posted on June 01st, 2010 in UK Crisis

Recently large numbers have been thrown around for the amount of tax that is lost from tax avoidance. The figure which I have most often seen quoted is £130 billion form the PCS. This turns out to be the historic cumulative total for tax which is uncollected, evaded (illegal) and avoided (legal (sic)). The danger [...]

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  • @TheLeftBanker

    • RBS £2 billion loss not as BBC reports £776 million. Twice as big as forecast. 3 hours ago

    • @BharatKAzad I think so with Portugal 6 months behind and Spain another year 21 hours ago

    • Greece mark II: Portuguese opposition demands €30 billion more of a bailout to keep country afloat 21 hours ago

    • @aidanskinner hedge funds been putting this trade in droves spreading risk over several banks. They now hold about 30% of Greek debt 21 hours ago

    • Greek debt swap deal may fail as hedge funds & other investors would be better off with default and collecting insurance it would trigger 22 hours ago

    • Euro crisis goes global: Preliminary Chinese manufacturing figures for February shoes a contraction. 23 hours ago

    • Euro area manufacturing & services output drops in February. Recession on the way. 23 hours ago