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....5 per cent, whichever is the highest. But the UK’s biggest pensioner organisation, the National Pensioners Convention described the Cridland Review as “asking all the right questions, but coming up with the wrong answers”. ... [Read full article on Daily Express ]
Friday 24th of March 2017 12:01:00 AM
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Latest Finance News related to Pensioner

Pension protection shake-up: Retirees FURIOUS over plans to cut scheme image
Source : Daily Express [Read Article] Friday 24th of March 2017 12:01:00 AM
....5 per cent, whichever is the highest. But the UK’s biggest pensioner organisation, the National Pensioners Convention described the Cridland Review as “asking all the right questions, but coming up with the wrong answers”. ...
State pension age must rise again, says report image
Source : Guardian [Read Article] Thursday 23rd of March 2017 06:11:18 AM
....SPA is the earliest age that someone can start receiving their state pension, and is due to rise to 66 between 2018 and 2020, to 67 between 2026 and 2028, and then to 68 between 2044 and 2046. John Cridland, former director-general of the Confederation of British Industry and the author of the independent report, said the aim was to “smooth the transition for tomorrow’s pensioners, and to try and make the future both fair and sustainable”. ...
State pension age could be raised to 70, says report image
Source : BBC [Read Article] Thursday 23rd of March 2017 12:05:44 AM
....The government is due to make a decision on both reports by May. Ministers are under pressure to address the expected rise in the cost of pensions, which stems from longer life expectancy and the increasing ratio of pensioners to workers. ...
The women still working into their 70s image
Source : BBC [Read Article] Wednesday 22nd of March 2017 12:06:12 AM
.... If I did not do this, I would just try to get a job. They talk about rich pensioners, but a lot of pensioners are not rich. ...
Sir Philip Green 'could get £15m refund from £363m BHS payout' image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:30:06 AM
....Green could get the money back despite BHS workers receiving on average just 88% of the value of their original benefits from the settlement. Field, who co-led the parliamentary investigation into the collapse of the retailer, called on the billionaire tycoon to hand the £15m to BHS pensioners to make up for the shortfall in their benefits. ...
Residential care costs 'can soak up over 50% of property values' image
Source : Guardian [Read Article] Monday 20th of March 2017 07:01:30 AM
....It described the situation as a lottery and said many people were at risk of losing “a large part of the value of their home” if they were hit with such costs. It said that for most pensioners, their house was likely to be by far the biggest asset on which they would need to draw to meet care home bills. ...
Executive pay: all eyes on boardroom as AGM season looms  | Chris Cummings image
.... It is also no doubt a sign of the pressure that many FTSE companies feel as a result of the PM’s spotlight. This is of course a good thing for savers and pensioners around the country. ...
Theresa May echoes Ed Miliband with promise to reform energy market image
Source : Guardian [Read Article] Friday 17th of March 2017 04:53:15 PM
....The chief executive of Citizens Advice, Gillian Guy, said: “The prime minister is right that the energy market is not working for everyone. Over 2 million low-income families and pensioners in Britain are paying £141 more each year because they remain on their supplier’s standard variable tariffs. ...
Philip Green's lavish party for his 65th ends exile from social circuit image
Source : Guardian [Read Article] Thursday 16th of March 2017 08:27:49 PM
.... But even if partygoers ordered off-menu, they would have struggled to have equal the £6m tab for Green’s 60th, when guests were flown to an exclusive resort in Mexico for a four-day blowout. Green’s milestone birthday means he is officially a state pensioner, a status that entitles men of his age a pension of up to £155. ...
Household incomes crept up last year, DWP figures show image
Source : BBC [Read Article] Thursday 16th of March 2017 11:20:14 AM
....4% in 2015-16 after adjusting for inflation, new data from the Department for Work and Pensions (DWP) shows. Working-age household incomes have been stagnant since 2007-08 compared with a 10% rise for pensioners. ...
Pension trick could see Britons rake in HUNDREDS of pounds EVERY MONTH if done by April 5 image
.... Compared with rates on annuities - retirement products that work in a similar way - payouts are two or three times higher, according to former pension minister and Royal London policy director Steve Webb. Anyone who reached state pension age before April 6 2016 now has just three weeks to pay Class 3A National Insurance and receive the extra income, which also provides a 50 per cent survivors payout when the pensioner dies. ...
The Crusader: TV drama has happy ending  image
Source : Daily Express [Read Article] Monday 13th of March 2017 01:55:00 PM
....“I got an offer from them to reimburse me and I accepted, but have not heard again,” she explained. “I’ve been without my TV for weeks and I’m a pensioner and can’t afford to buy another one without the refund, so it’s been a bit miserable. ...
Savers and Pensions: How the Chancellor's spring BUDGET plans can affect you  image
Source : Daily Express [Read Article] Sunday 12th of March 2017 03:23:00 PM
....Also from the start of the new tax year, the personal allowance for England, Scotland, Wales and Northern Ireland climbs to £11,500, above which income tax is 20 per cent. Patrick Connolly, certifi ed fi nancial planner at Chase de Vere, says this will lift hundreds of thousands out of income tax altogether, including many pensioners. ...
The Falklands war hero fighting for his state pension image
Source : Guardian [Read Article] Saturday 11th of March 2017 06:59:27 AM
.... For example, those living in Bermuda, 5,800 miles north of the Falklands and one of the world’s wealthiest places, enjoy the full “triple-lock” pension increases their counterparts in the UK receive. All told, there are around 680 UK pensioners living in British overseas territories with frozen pensions, even though they have made the same national insurance contributions as their UK peers, says the International Consortium of British Pensioners (ICBP), which campaigns on this issue. ...
Striver? Tory architect of austerity George Osborne banks £1m fortune image
....Both Osborne and Harrison have promised they will not lobby the government on behalf of BlackRock, but Osborne has made clear that he intends to work with BlackRock on UK pensions. “BlackRock wants better outcomes for pensioners and savers – and I want to help them deliver that,” Osborne said in BlackRock’s official announcement. ...
Savers urged to use THIS simple trick to beat dividend tax changes image
Source : Daily Express [Read Article] Thursday 9th of March 2017 04:32:00 PM
....It's predicted that around 2. 2million people - including around seven per cent of pensioners - will be impacted by the changes revealed in the 2017 Budget. ...
What the 2017 budget means for you image
Source : Guardian [Read Article] Wednesday 8th of March 2017 05:18:09 PM
....2017-18 The raising of the tax threshold to £11,500 means their tax and NI bill falls by £368 a year, giving them an annual net income of £43,537. Married couple, both pensioners in their 70s. ...
Budget 2017: Blow for pensioners as tax-free dividend allowance SLASHED image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 01:44:00 PM
....The Chancellor announced the allowance will be cut from £5,000 to £2,000 from April 2018. Dividends are annual cash payments made to holders of certain shares, they provide a vital source of income to many pensioners who rely on savings in retirement. ...
Budget 2017: What it means for YOU? Self-employed, savers, pensioners, and motorists image
.... . It will make it less attractive for pensioners transferring savings to avoid UK taxation, according to Stuart Paton Evans, retirement propositions director at Scottish Widows. ...
Theresa May must give Vauxhall assurances over Brexit, says Labour image
Source : Guardian [Read Article] Monday 6th of March 2017 08:03:56 PM
....Greg Clark, the business secretary, told the House of Commons on Monday that the government was “cautiously optimistic” about the deal. He said ministers would hold PSA to its intentions to “safeguard the plants, honour their commitments and look to increase the performance and the sales of cars” as well as a promise that “no pensioner, current or prospective, will be worse off in any way”. ...
Peugeot-Citroën chief vows to save jobs in Vauxhall/Opel takeover image
Source : Guardian [Read Article] Monday 6th of March 2017 12:35:46 PM
....Greg Clark, the UK business secretary, said: “Vauxhall has a long history of success in this country and we are determined to see that continue. The government welcomes the assurance by PSA that they will respect the commitments made by GM to Vauxhall’s employees and pensioners. ...
Topshop owner to double contributions to plug pension deficit image
Source : Guardian [Read Article] Sunday 5th of March 2017 03:28:55 PM
.... However, the settlement for the BHS pension scheme and the increased payment into the Arcadia scheme will help Green to keep his honour. Green apologised to BHS pensioners for the scandal and called it a “sorry chapter”. ...
Violent criminals get off lighter than people late with their water bill image
.... This is how Diana is now rated, even though she tells me she actually has savings rather than debts. Luckily she is a pensioner and won’t need to take out a mortgage again. ...
'Timid' financial regulator needs more powers, Lord Myners says image
Source : BBC [Read Article] Thursday 2nd of March 2017 11:03:29 AM
....It is 25 years since the Cadbury code was published, which put in place most of the rules governing public company practices and is overseen by the FRC. Sir Adrian Cadbury wrote his report in 1992 following scandals such as the collapse of the bank BCCI and textile company Polly Peck, along with Robert Maxwell's raid on Mirror Group pensioners. ...
Philip Green owes us BHS workers much more than ‘up to’ £363m | Grant Atterbury image
.... As chairman of the business, energy and industrial strategy select committee and author of a report into the collapse of BHS, one might imagine he would have been popping a champagne cork with one hand and tweeting with the other, but this was not the case. Instead he had posted Green’s statement in full, and while acknowledging that it was indeed great news for BHS pensioners, was also keen to question the wording of the opening line: “I have today made a voluntary contribution of up to £363m to enable the trustees of the BHS Pension schemes to achieve a significantly better outcome than the schemes entering the Pension Protection Fund. ...
IFS: Growth in UK living standards worst in 60 years image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:01:10 AM
.... Campbell Robb, chief executive of the Joseph Rowntree Foundation, which funded the report, urged the chancellor Philip Hammond to announce measures to support struggling families in next week’s budget. “These troubling forecasts show millions of families across the country are teetering on a precipice, with 400,000 pensioners and over one million more children likely to fall into poverty and suffer the very real and awful consequences that brings if things do not change. ...
'Long shadow' of financial crisis hits incomes image
Source : BBC [Read Article] Thursday 2nd of March 2017 12:18:25 AM
....The squeeze would be felt worst by low-income households with children, he said, owing primarily to the four-year freeze in working-age benefits. In contrast, pensioners would see their income growing faster than working-age households - a reversal of the position a decade ago. ...
Dominic Chappell to fight legal action forcing him to pay BHS pensions image
Source : Guardian [Read Article] Wednesday 1st of March 2017 06:44:02 PM
.... A high-profile parliamentary investigation into its demise concluded that the company had been systematically plundered by its owners and accused Chappell of having “his fingers in the till”. The Retail Acquisitions spokesman said: “Dominic Chappell is currently working very hard with the liquidator to recover and preserve nearly £50m, which will benefit the creditors and BHS pensioners. ...
Sir Philip Green's reputation 'still stained' despite BHS pension deal image
.... You might try to sell a business. You might try to flog it off on the cheap because you don't want to deal with the pension deficit, but the pension regulator said we'll come after you and we'll make you pay big money in order to safeguard the interests of pensioners and that can only be a good thing," the MP said. ...
Sir Philip Green hasn't pushed the boat out with his BHS pensions deal | Nils Pratley image
....”. That 88% figure includes assumptions about future inflation rates and the “on average” clause covers differences in pensioners’ age, length of service and when that service occurred. ...
Philip Green agrees to pay £363m into BHS pension fund image
Source : Guardian [Read Article] Tuesday 28th of February 2017 02:42:06 PM
....Green said the settlement with the regulator, which is supported by trustees of the BHS pensions scheme, represented a “significantly better outcome” for former BHS staff than the scheme entering the Pension Protection Fund, the government’s pensions lifeboat. He added: “Once again I would like to apologise to the BHS pensioners for this last year of uncertainty, which was clearly never the intention when the business was sold in March 2015. ...
Sir Philip Green strikes BHS pension deal with regulator image
Source : BBC [Read Article] Tuesday 28th of February 2017 02:38:18 PM
....The tycoon, who with his wife Cristina is estimated by Forbes to be worth £3. 8bn, said: "Once again I would like to apologise to the BHS pensioners for this last year of uncertainty, which was clearly never the intention when the business was sold in March 2015. ...
State pension age 'could rise above lifespan' in poorer areas, say MPs image
....That would be a real terms reduction of £15bn at today's prices, the equivalent to 4p on the basic rate of income tax, it said. Historically, pensions were linked to inflation rather than earnings, which reduced pensioner incomes relative to those of the working population. ...
Raising pension age will mean many people die before getting it, say MPs image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:01:21 AM
....5%. This has lifted many pensioners out of poverty but the committee said it had resulted in the over-65s taking an “ever greater share of national income”. ...
The truth about falling gas prices image
Source : Guardian [Read Article] Saturday 25th of February 2017 06:59:05 AM
.... They have gone up by a galloping 22%. Take the example of one 90-year-old pensioner in Hastings who sent me copies of his EDF gas bill (full disclosure: it’s my dad). ...
Pensioners sold wrong annuities to get thousands in redress image
Source : BBC [Read Article] Friday 24th of February 2017 04:02:11 PM
. Tens of thousands of pensioners who were sold the wrong type of annuity with two of the UK's biggest insurance companies are to receive compensation. ...
CPI was never meant to be real measure of inflation | Letters image
Source : Guardian [Read Article] Thursday 23rd of February 2017 07:07:14 PM
....8%. Over time that’s a big difference and will of course affect future pensioners (today’s young) more than it will current pensioners – this is not a baby boomer issue. ...
Greek debt: will EU and IMF finally offer light at the end of the tunnel? image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:00:27 AM
.... The fund wants to rein in “extremely generous” Greek pensions that absorb 11% of national income. But Greek pensions have already been slashed since 2010, with 43% of pensioners living on €660 a month, compared with an average annual income of €20,000 for over-65s in other eurozone countries, according to government figures. ...
Pension changes could cost 11m Britons thousands of pounds image
Source : Guardian [Read Article] Monday 20th of February 2017 01:42:09 PM
....Unions are likely to react furiously to the proposals, which would allow companies to save £90bn by providing annual increases in their retired employees’ pensions based on the consumer price index, rather than the retail price index. As CPI is generally lower than RPI, the impact on pensioners is likely to be significant over time. ...
Baby boomers don’t deserve to be punished | Letters image
Source : Guardian [Read Article] Sunday 19th of February 2017 06:31:16 PM
....I was incensed when I read Phillip Inman’s article Baby boomers, pay your dues (14 February). I am shocked at the bad feeling and bad publicity towards pensioners in the media. ...
TalkTalk scam victims say it’s time for answers image
Source : Guardian [Read Article] Saturday 18th of February 2017 06:59:33 AM
. When pensioner Barry Tucker was called at home by his telecoms provider, TalkTalk, quoting his account number and personal details he dutifully carried out their instructions. ...
What level does inflation have to reach to erode savings and pensions? image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 01:15:00 PM
.... . Savers and pensioners are already struggling to beat inflation, according to Rachel Rickard, personal finance editor at thisismoney. ...
Pensioners '£20 a week better off' on average than workers image
Source : Guardian [Read Article] Monday 13th of February 2017 12:01:00 AM
....Pensioners are now £20 a week better off than working households – reversing the situation of 15 years ago. Research published by the Resolution Foundation found that in 2001 households relying on pensioner income were £70 a week less well off than those in work. ...
Government willing to admit UK housing market is
Source : Daily Express [Read Article] Sunday 12th of February 2017 12:01:00 AM
.... Should buy-to-let die off it will be a blow for older people who were hoping to rely on property to top up their retirement income and offset record low savings rates. Despite speculation, the Government did not announce any incentives for pensioners to downsize to smaller properties to free-up large family homes. ...
Five minute guide to choosing to invest in premium bonds image
Source : Daily Express [Read Article] Sunday 12th of February 2017 12:01:00 AM
....This is a particular blow for cautious savers who have chosen NS&I products as a government-backed safe haven. Lowcock says Premium Bonds are the wrong investment for pensioners who need a regular monthly income to fund their everyday living expenses, as they may win nothing at all: “The average prize rate is a misleading figure as the returns are skewed towards those few savers who do win a big prize, such as the £1 million jackpot. ...
Pensioner homeowners are missing out on hundreds of pounds of extra income image
Source : Daily Express [Read Article] Tuesday 7th of February 2017 07:10:00 PM
. Roughly half of pensioners are eligible to claim council tax support or pension credit, but of these six out of 10 either claim less than they are entitled to or nothing at all. ...
Greek debt crisis: an existentialist drama with no good end in sight | Larry Elliott image
....With public support waning, Tsipras is once again hanging tough. He aroused the ire of the Europeans by giving a Christmas bonus to pensioners and free school meals to poverty-stricken families. ...
The cost of living is easing. So why doesn't it feel that way? | Greg Jericho image
....The latest cost of living figures released by the ABS, not surprisingly showed that cost of living continues to rise at extremely low levels. The cost of living indices break down inflation according to different types of households, reflecting that aged pensioners for example have different spending patterns to those who work. ...
Leading investor signals it may oppose City bosses' pay rises image
Source : Guardian [Read Article] Wednesday 1st of February 2017 12:02:54 PM
....Standard Life Investments (SLI) welcomed Ashley’s appointment as chief executive last September, saying it was a role that better reflected his influence as majority shareholder and founder than his former “ill-defined” position of executive deputy chairman. The fund management arm of insure Standard Life, which looks after £270bn of investments for savers and pensioners, welcomed Sports Direct’s decision to allow an independent party to review governance but said it had concerns “about their ability to deliver”. ...
Alarm bells ring over raids on pension pots image
Source : Daily Express [Read Article] Wednesday 1st of February 2017 12:01:00 AM
.... . “Ministers are trying to protect the taxpayer from having to support pensioners who misuse their pot. ...
'There's a danger of a generation who can't afford to retire' image
Source : Guardian [Read Article] Monday 23rd of January 2017 08:05:59 AM
....One commenter, Schwitters, wrote about friends in the public sector in the late 50s to 60s, retiring on pensions “that are quite bewildering”. The comment went on: “ They will probably be living as pensioners longer than they were non pensioners. ...
Savers warned about risks of absolute return funds  image
Source : Daily Express [Read Article] Wednesday 18th of January 2017 10:05:00 AM
....”. He says many pensioners and older people rely on the sector to provide capital protection and funds taking excessive risks should be stripped of absolute return status. ...
OAPs are using their homes to top up retirement spending image
Source : Daily Express [Read Article] Tuesday 17th of January 2017 04:00:00 PM
....Returns on cash are set to be further eroded in real terms as experts say inflation could top 3 per cent later this year. Nigel Waterson, chairman of the Equity Release Council, said equity release is helping to top up pensioner incomes. ...
Bleak trend of low, part-time wages in UK is revealed image
Source : Guardian [Read Article] Friday 13th of January 2017 06:01:09 AM
....1% in the year to April 2016 while the richest fifth of households saw their incomes fall by £1,000 over the same period. However, much of the gap was closed by a significant rise in pensioner incomes driven by higher state pension payments and generous payouts from occupational schemes, not a rise in earnings by low-paid workers. ...
Our top pearls of wisdom? Pay all bills and avoid debt image
Source : Daily Express [Read Article] Thursday 12th of January 2017 09:56:00 PM
.... . Marry someone who makes you laugh, do not go into business with family, avoid lending money you are likely to need back and start saving at a young age were also among the notions most commonly quoted by pensioners. ...
UK inequality narrows but many working people are worse off image
Source : Guardian [Read Article] Tuesday 10th of January 2017 04:16:03 PM
....Overall, the ONS found that the median UK household disposable income of £26,300 in the year ending April 2016 was £600 higher than the previous year and £1,000 higher than the pre-downturn value of £25,400 in 2007/08, after accounting for inflation and changes in household composition. An ONS senior statistician, Claudia Wells, said a strong rise in pensioner incomes was behind much of the increase in incomes, especially of those in the bottom 40%. ...
Spending power on the rise, says ONS image
Source : BBC [Read Article] Tuesday 10th of January 2017 10:26:16 AM
...." . The median average disposable income of pensioner households has recorded a rise of 13% since 2007-08, compared with a 1. ...
Generations at war image
Source : BBC [Read Article] Tuesday 10th of January 2017 12:14:35 AM
....5%, at a time when other working-age benefits are being cut, has added to the controversy over intergenerational fairness. "In the UK we have a huge number of pensioners who are wealthy, probably two million over-60s who live in households with more than a million pounds' worth of assets," adds Angus. ...
Inheritance tax is toxic. We need new ways to tackle inequality | Polly Toynbee image
.... As we become more unequal in wealth, inheritance is key. It was already the case: the wealthiest pensioners are those who themselves inherited most. ...
Richest young people in UK also likely to inherit most wealth, study finds image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:01:34 AM
....The Institute for Fiscal Studies (IFS) found that today’s young people were likely to inherit more wealth than their predecessors but the benefits would be skewed to those who were already well off. The study concluded that inequality was likely to increase and social mobility hindered as pensioners bequeathed the wealth they had accumulated as a result of rising home ownership and property-price inflation. ...
Chancellor failing to cancel ‘tax giveaway’ to banks, says Labour image
Source : Guardian [Read Article] Monday 2nd of January 2017 02:18:10 PM
....McDonnell, who is the closest ally of Labour leader Jeremy Corbyn, will make a major speech on economic policy this month and hopes to draw a clear dividing line with the Conservatives by showing that he would take on vested interests as chancellor. He recently made a series of spending pledges to protect pensioner benefits, including the costly triple-lock guarantee (that pensions rise by the same as average earnings, consumer price index or 2. ...
BHS workers swamp Charles Dickens charity with help requests image
Source : Guardian [Read Article] Tuesday 27th of December 2016 05:53:33 PM
....BHS is the biggest high street retailer to enter administration since the failure of Woolworths in 2008 with the shutters coming down on all of its 170 stores. The collapse of BHS and the implications for its workers and pensioners has damaged the reputation of its former owner Sir Philip Green, who is being pursued by the Pensions Regulator to resolve the £571m hole in the bust retailer’s pension scheme. ...
MPs to review Bank of England's low interest rates since crash image
Source : Guardian [Read Article] Thursday 22nd of December 2016 12:20:36 PM
....Newspaper articles and comments that followed by former ministers and pro-Brexit campaigners Michael Gove and Nigel Lawson, and the Eurosceptic former Conservative party leader William Hague, appeared to be part of a co-ordinated assault on Carney and prompted the bank governor to say last month that politicians had embarked on a “massive blame-deflection exercise”. Most economic forecasts predict that the UK’s slowing economy will force the Bank to stick with its current policies of rock-bottom rates for another year, angering powerful lobby groups of pensioners that have complained about receiving meagre returns on their savings. ...
State rescue looms for Monte dei Paschi image
Source : BBC [Read Article] Thursday 22nd of December 2016 09:25:10 AM
....Mr Gentiloni is "stuck between the devil and the deep blue sea", according to Michael Hewson, chief market analyst at CMC Markets. He told the BBC's Today programme it was likely that thousands of Italian retail investors, including pensioners, would be left out of pocket, because new EU rules governing bank rescues demanded that bondholders should be the first to take a financial hit. ...
UK's austerity welfare spending is closer to poorest nations of EU image
Source : Guardian [Read Article] Wednesday 21st of December 2016 05:54:50 PM
....4% for families and children. Germany is one of the few countries to spend less on pensioners than health, with 39. ...
UK risks return to pay squeeze, says thinktank image
Source : Guardian [Read Article] Wednesday 21st of December 2016 07:01:11 AM
....”. The foundation’s analysis of official ONS data shows that the 3% increase in non-pensioner household incomes in 2015-16 was evenly shared, with all parts of the income distribution seeing growth of over 2%. ...
Moody's voices concern at 'material delay' in Greece debt relief talks image
Source : Guardian [Read Article] Monday 19th of December 2016 06:43:19 PM
....Fears that Greece’s seven-year debt crisis is about to enter a troubling new phase have been voiced by one of the world’s leading rating agencies. Moody’s said it was worried by the decision by the European authorities to suspend a debt-relief deal for Greece after the government in Athens gave a Christmas bonus to pensioners, promised free school meals for the poorest children and cancelled a VAT increase. ...
Five-minute guide to the rising cost of care homes image
Source : Daily Express [Read Article] Sunday 18th of December 2016 12:01:00 AM
.... Anybody who does have to pay for care will see their wealth quickly depleted, as the annual cost of a care home now tops £30,000. That is an increase of £1,536 in a year, with costs rising 10 times faster than pensioner incomes. ...
Tsipras’s spending spree may be relief to Greeks but it won’t end crisis image
Source : Guardian [Read Article] Saturday 17th of December 2016 04:00:26 PM
.... After 16 months of faithfully toeing the line, the leader rebelled, cautiously at first and then almost jubilantly, casting off the fiscal straightjacket that has encased his government with thinly veiled glee. First came the announcement that low-income pensioners, forced to survive in tax-heavy post-crisis Greece on €800 or less a month, would receive a one-off, pre-Christmas bonus. ...

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