View more on these topics

PBR: A “badly missed opportunity,” says ABI’s Haddrill

The Association of British Insurers has slammed today’s pre-Budget report as a “badly missed opportunity” for the UK Government.

ABI director general Stephen Haddrill says the Chancellor’s failure to encourage savings in today’s PBR means the UK is no nearer to tackling the country’s savings crisis.

Haddrill says: “After a decade of promoting consumption the Government is unable to break the habit. The crisis is built on debt and credit but the Government has still failed to recognise the importance of savings to our economic health.

“This is a badly missed opportunity to promote savings and tackle the country’s savings crisis – with 50 oer cent of the working population not saving enough for retirement, and saving overall at the lowest level for 50 years, action is needed now.

Recommended

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com