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      City economists have warned that the triple lock pension is unsustainable and unaffordable given the state of the UK's public finances.

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By: Kat Denham

All 247167 Articles
  • O’Driscoll joins third Test absentee list

    June 30, 2009

    CENTRE Brian O’Driscoll has become the latest British and Irish Lions player to be ruled out of Saturday’s third and final Test through injury. O’Driscoll suffered concussion in last weekend’s series-clinching defeat in Pretoria, and doctors have decided he will not recover in time to finish the tour. Prop Adam Jones joins O’Driscoll in returning [...]

  • Vaughan: I didn’t merit an Ashes call

    June 30, 2009

    MICHAEL VAUGHAN, England’s most successful Test captain of all time, admitted he did not deserve to be selected for this year’s Ashes, after confirming his retirement from the game yesterday. The Yorkshire batsman, who led the country to glory against Australia in 2005, had pinned his hopes on earning a recall to the side in [...]

  • Automatic for the people?

    June 30, 2009

    THE best high-performance cars come with a manual gearbox, right? Well, not according to Mercedes-Benz. On the evidence of this car, their stance appears to be that machines can change gear more efficiently than humans. But where’s the fun in that? Having driven this car in automatic form, I was yearning to feel how it [...]

  • Baring too much skin at work is a risk

    June 30, 2009

    DEAR VEXED: I work in a bank and the dress code is very professional. All the same, I’ve not been able to help myself from baring some skin lately. But I’m worried I’m being judged negatively. How can I enjoy my summer wardrobe without going too far? Lucy, private wealth I can understand your desire [...]

  • The sun has come out to play, but not everyone is celebrating

    June 30, 2009

    YESZOE STRIMPELPOOR weather gods. They just can’t win, not in Britain anyway. The age-old refrain on these isles – when other conversation dries up – is how crap the weather is. The rain, the cold, how England is so insufferably depressing it’s a miracle anybody still lives here when Spain is just an hour’s flight [...]

  • LOOKING TO NEW PLACES FOR LAWYERS

    June 30, 2009

    DAVID MORLEY SENIOR PARTNER, ALLEN & OVERY IN April, the initial findings of the government’s Panel on Fair Access to the Professions were announced. It said that the most socially exclusive professions are law, politics and the media. The situation is getting worse, and these professions more exclusive. Partly, this is down to informal networks [...]

  • Trainee problem threatens pyramid

    June 30, 2009

    THIS year is turning out to be one of the worst to be a trainee lawyer. This September Clifford Chance will axe 21 of its 70 trainees on qualifying, giving the firm a retention rate of 70 per cent. Last year the firm kept on 95 per cent. American firm Jones Day will keep on [...]

  • THERE ARE REASONS TO TREAT THE POUND’S RISE WITH CAUTION

    June 30, 2009

    BORIS SCHLOSSBERGDIRECTOR OF CURRENCY RESEARCH, GFT THE pound has been on an uninterrupted rise, following the fortunes of the global equity markets and it hit a fresh high of 1.6743 against the dollar. on Tuesday. But now that cable has gained 22 per cent off its lows, can the rally continue? There are several good [...]

  • Forex traders are focusing their attention on the pound

    June 30, 2009

    TOP of the agenda for many forex traders at the moment are two things – the future of the pound in the face of expansionary quantitative easing and a ballooning UK budget deficit. Indeed, these issues were among the most keenly discussed at the forex breakfast co-hosted by City A.M. and Alpari UK last Friday, [...]

  • Consumers remain shy on US economy

    June 30, 2009

    US STOCKS fell yesterday as an unexpected drop in consumer confidence cooled recent optimism about an economic recovery, but Wall Street still closed out its best quarter in a decade. The drop in the Conference Board’s measure of consumer confidence in June suggested that the 18-month-long recession had yet to loosen its grip on the [...]

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