An Englishman of forty years residence in Wales pontificates about politics (slightly off-message), films and trivia. Secretary of Aberavon and Neath Liberal Democrats. Candidate for Neath in the Westminster elections of 1997 & 2017 and the Welsh general election of 2016.
Tuesday, 17 March 2009
Quantitative easing impacts those about to retire
BBC Radio 4's "Money Box" reported last weekend that the government's pumping money into the economy by way of buying back bonds has had the effect of reducing the value of private pensions of those about to retire by about 2%.