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BoE slashes UK growth forecast as it warns on Brexit

Economic activity is expected to further decelerate in the second quarter this year amid fears of the UK leaving the European Union, the Bank of England has warned, as the Monetary Policy Committee votes to keep rates on hold. The BoE’s May inflation report, published today, says activity growth slowed in the first quarter of […]

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Frank Field writes to Osborne over ‘unstable’ master trusts

Work and Pensions committee chair Frank Field has called on Chancellor George Osborne to introduce new legislation to tackle “unstable master trusts”. In a letter to the Chancellor last week, Field noted the parliamentary committee’s concerns on both master trusts and the effectiveness of The Pensions Regulator. In particular, Field noted that the committee had […]

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