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Government Announcements

Pension annuities no longer to be compulsory

The government has announced that people will no longer be obliged to buy an annuity with their pensions.

Jobs outlook could be hit if growth falters marginally

The UK labour market could face a five-year jobs deficit if the growth predictions of the Office for Budget Responsibility (OBR) are just slightly weaker.

Commons vote confirms VAT rise

Attempts in Parliament to head off the government’s proposed increase in the rate of VAT have been defeated.

Question mark over pre-Budget Report

It is thought that the government may look at removing, if only temporarily, the autumn pre-Budget Report.

Changes may reduce occupational pension payments

The government has laid out plans to change the way that payments are calculated for final salary pension schemes.

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