TRADE AND industry secretary Patricia Hewitt is to argue in parliament that workplace age discrimination must be ended as figures suggest it costs the economy more than £30bn annually.
The Daily Telegraph says there is much support for such a move, but warns some suspect the government will use the proposal simply as an excuse to delay payment of state pensions. The £30bn-plus figure comes from research by the Cranfield School of Management, which bases the cost on factors such as lost production as older employees are forced to retire before the state pension age. STAYING IN the political sphere, Equitable Life policyholders had a good day yesterday as Treasury Financial Secretary Ruth Kelly said she would contemplate increasing the powers of the parliamentary wat...
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