Britons ‘face £46bn of tax rises and spending cuts to get Covid debt under control’

Britons face £46billion of tax rises and spending cuts to start getting the government’s spiralling debt under control, the Treasury watchdog warned today.  In a bloodcurdling assessment of the situation, the Office for Budget Responsibility said state borrowing is expected to hit £394billion this year as the coronavirus wipes 11.3 per cent off GDP. The … Read more

Rolls-Royce hands a £4.6bn chunk of its pensions scheme to Legal & General 

Rolls-Royce hands a £4.6bn chunk of its pensions scheme to Legal & General By City & Finance Reporter for the Daily Mail Published: 21:51 BST, 6 June 2019 | Updated: 21:51 BST, 6 June 2019 Rolls-Royce has offloaded a £4.6billion chunk of its pension scheme covering 33,000 members to Legal & General, in the biggest … Read more