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IMF's advice to Rachel Reeves: stay the course on spending limits
سياسة
21.05.2026ملخص الذكاء الاصطناعي

IMF's advice to Rachel Reeves: stay the course on spending limits

The IMF has advised UK Chancellor Rachel Reeves to maintain spending limits, warning against caving to demands for government support. The advice, while milder than previous rebukes, urges focus on controlling welfare costs and efficiency in public services. The article questions the untouchability of pensioner benefits compared to those for younger generations and those in work.

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Guardian Business
Retiring in comfort and good health now seems the luxury of a lucky few | Letters
خبر
09.05.2026

Retiring in comfort and good health now seems the luxury of a lucky few | Letters

Deprivation and inequality are behind the fall in healthy life expectancy, writes George Binette. Plus letters from Sanghamitra Bandyopadhyay, Dr Louise Lawson and Chris PhillipsonHelen McCarthy writes that today’s struggle “is the right to live a good, meaningful life, and to live it right to the end” (Britain pioneered the comfortable retirement – but that golden age is coming to an end, 2 May). Ironically, her column appeared days after the Health Foundation reported a notable fall of roughly two years in healthy life expectancy across the UK in the decade between 2012-14 and 2022-24 to below 61 years for both men and women – significantly below the state pension age. Among 21 high-income countries, Britain’s ranking slumped from 14th to 20th against this measure, ahead only of the US.The reasons for this relative and absolute decline are, of course, multifaceted, but there is an undeniable link to relative deprivation. With the state pension age continuing to rise and the Tony Blair Institute effectively calling for abolishing the meagre state pension, Prof McCarthy’s assertion that “the right to retire was yesterday’s struggle,” seems dubious at best. Pensioner poverty in Britain remains widespread and far worse than in France and Italy. Continue reading...

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Guardian Business
The government’s Mansion House retreat is a victory for fiduciary duty
يتطور
سياسة·29.04.2026ملخص الذكاء الاصطناعي

The government’s Mansion House retreat is a victory for fiduciary duty

The UK government has retreated from plans to mandate pension funds to invest in UK assets after heavy opposition from providers. The Mansion House Accord, which saw 17 major providers voluntarily pledge 10% allocation to private markets, faced a proposed "backstop" power that would have made contributions enforceable. Following House of Lords resistance and provider warnings about fiduciary duty, the final legislation heavily dilutes these powers – they cannot be used before 2028 and will expire by 2032-2035, with a "saver's interest test" requiring regulator approval.

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Guardian Business