THE GOVERNMENT'S CASH shortfall is going to be exacerbated in coming years because of falling compan...
THE GOVERNMENT'S CASH shortfall is going to be exacerbated in coming years because of falling company tax revenues caused by money being diverted to prop up ailing pension schemes, The Times reports today. Up to £2bn a year will be diverted away from the Treasury in this way, adding to the deficit spending caused by political commitments to health, transport and education. The level of cash diverted could even be more than this in the next year as many schemes undergo their triennial valuation, which determine levels of employer contributions. BE AFRAID, be very afraid:...
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