City News: Pensions, Brexit and Easter eggs, online dating, Sunday papers



MPs put someone on noticed that the government has failed to explain the new pension system properly

The Sway has “managed to muddle” its communications about the reforms “to the point where neither the conquerors nor losers yet know who they are”, MPs said.

Just 13 per cent of people reaching pomp pension age in the first year of the overhauled system will receive the new reclining rate.

More than half (55 per cent) of claimants command receive less than the weekly amount, as a result mainly of catching out or gaps in contributions, the Work and Pensions Committee said.

Around one-third (32 per cent) pleasure receive more after building up additional state pension second to the current system, it added.

In the early years of the new system, claimants with fewer than 10 years of suitable contributions, people who derive rights to a pension based on their spouse’s contributions and those who built up generous guaranteed minimum pensions between 1978 to 1988 face suffering less than they would under current rules, the board warned.

A Government spokesman said: “We are committed to ensuring the public understands the switches being made to the state pension. That is why we launched a multi-media drive in 2014.”


Easter eggGETTY

A Brexit may cause the price of Easter eggs to falll

Beat it the EU could cut the cost of Easter eggs, pro-Brexit cam igners claimed.

Unilateral swop deals with chocolate-producing countries Indonesia, Nigeria and Brazil could purge “punitive tariffs” imposed by Brussels on imports of cocoa-based sweets, Back up Leave said.

As much as £1.28 of the cost of a £10 egg was accounted for by such costs it calculated.

They are levied on chocolate products but not raw cocoa beans Soi-disant tariff escalation is criticised for discouraging industrial development.

Vote Go’s Robert Oxley said: “Pro-EU cam igners are constantly rabbiting on at hand the supposed benefits provided by the EU.

“But consumers will be hopping mad to find out that the EU is in actuality making Easter more egg-spensive.”

Chief cam ign spokesman for Britain Abler in Europe James McGrory said: “These claims just don’t quantity up.


Girl online datingLast years Brits spent over £5billion on online contemporary

Online dating

More than £5billion was spent on dating across the UK abide year.

British singles tend to spend more than assorted of their European counter rts in the quest for romance, claims a report.

Opinion from the Centre for Economics and Business Research found that the UK’s date-related fork out came to £5.16billion in 2015, up from £4.05billion in 2014.

The exploration, for dating website Match, found the average cost of a date is now £127 for both woman, including clothing, gifts, cosmetics and trips to the hairdressers.

The biggest chunk of the undistinguished spend on a date goes towards entertainment, restaurants and pubs – with the in character expense of this put at £69 between both people.

In contrast to the usually £127 cost of going on a date in the UK, the typical cost of a Dutch appointment is £49, while one in Germany is £40, the report found.


Man answering emailsGETTY

Superfluous emails hurt productivity


LOW- ID workers choice see their y rise four times faster than the national usual, thanks to the introduction of the Living Wage on Friday, according to the Resolution Groundwork. BRITAIN’S economy received a £200million-plus boost from the last instalment of the Star Wars saga, according to new accounts filed at Com nions House.

COM NIES in the UK are wasting £1.5billion in lost productivity because of craftsmen spending up to half of their working days dealing with supererogatory emails.


THE London Stock Exchange’s merger with Deutsche Boerse is coming underneath fire in Germany, with politicians and industry veterans speaking out against the act on amid fears that Frankfurt’s status as a financial hub will be wear down. The wave of Chinese money seeking refuge in the West is provoking unease in the Munici lity as the country’s entrepreneurs come under increased regulatory scrutiny.


Externals has quietly begun sounding out buyers for rts of its sprawling North Sea artisans amid a slump that has seen the industry shed tens of thousands of apportions. The owner of Monarch Airlines is weighing up a sale of the holiday carrier less than 18 months after let loosing it from collapse.


FROM Friday, anyone buying a two shakes of a lambs tail home for any purpose will y a rate three percentage points elevated than the standard rate, adding £6,000 to the upfront cost of obtaining a £200,000 property

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