NEWS:

"While people on the verge of buying annuities or trying to build up their personal savings have been buffeted for a number of years, a rise in the Bank of England's Base Rate is unlikely any time soon. This is because, despite rising economic growth and employment, persistent economic weaknesses remain including high levels of household indebtedness, falling real incomes and underemployment. And crucially, the economic recovery is still not secured – indeed, we are only now approaching our pre-crisis level of output. The Bank will want to see significant progress on all of these fronts before committing to a gradual rise in rates.

The UK is not alone in having to confront the unwinding of extraordinary monetary support. The US faces a bigger task as they are still committed to monetary stimulus in the form of asset purchases (to the tune of $65bn per month). How markets and economies around the world respond as it starts to slow these purchases could impact asset prices around the world for some time to come."    


ILC-UK have today published a blog: "Base rate: to raise or not to raise" http://blog.ilcuk.org.uk/2014/03/04/base-rate-to-raise-or-not-to-raise/

TOP STORIES

Innovating for Ageing: Just and ILC-UK launch new initiative to develop creative solutions for tackling vulnerability in later life

ILC-UK are inviting interested parties to offer a bid to help us update the ILC-UK website.

In May this year, ILC-UK conducted a study mission to Japan supported by our sister organisation, ILC-Japan, and funded by the Daiwa Anglo-Japanese Foundation and the Great Britain Sasakawa Foundation.

Two complementary research reports published today by ILC-UK have both found that physical and mental illness at younger ages can have a significant impact on employment trajectories in later life.

A new report from the International Longevity Centre (ILC-UK), ‘Public health in Europe during the austerity years’, has identified early warning signs that austerity will affect health outcomes for decades to come.

Innovative new programme revealed at ILC-UK’s flagship “Future of Ageing” conference London

CATEGORIES: