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Why UK final-salary pensions may now be unpayable without state support

  • Written by Giuseppe Corvino, Professor of Financial Markets and Institutions, Bocconi University

When long-dated UK government bonds fell sharply following the consistent criticism of the new economic measures laid out by the UK government, it forced the Bank of England to intervene to prevent an “unwarranted tightening of financing conditions and a reduction of the flow of credit to the real economy”.

On September 28, the Bank...

More Articles ...

  1. more inflation and an even weaker pound
  2. Why IMF comments on the UK economy spooked traders and investors
  3. why a fall isn’t certain and wouldn’t help first-time buyers much anyway
  4. How bonds work and why everyone is talking about them right now: a finance expert explains
  5. increasing pressure on part-time workers is the wrong move at the worst time
  6. Only a U-turn by the government or the Bank of England will calm UK financial markets
  7. Disabled people are already cutting back on costs more than others – for many, the £150 cost of living payment won't do much to help
  8. Four things that cost more if you're already poor – and some simple ways to help fix this
  9. Is the UK in a recession? How central banks decide and why it's so hard to call it
  10. how will tax cuts and stamp duty affect young adults?

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