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A very powerful voice in the world of UK business and finance, the Bankâs Monetary Policy Committee (MPC) sets interest rates. In setting an interest rate, the MPC judges that the rate will enable the UKâs inflation target to be met.
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Something big and important is lacking in the process of getting financial advice today. Thatâs the basic challenge put forward by practitioners of a new approach to personal finance called Financial Life Planning.
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Selling a business is likely to be the largest and most important financial deal any business owner will ever make. If you are thinking of selling your business for whatever reason, you should understand the business selling processes and how you can best get through and successfully complete a sale.
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December saw the death of North Koreaâs âdear leaderâ Kim Jong-il, with command of the country seemingly passing to his youngest son â the âgreat successorâ â Kim Jong-un. But with sundry generals peering over the younger Kimâs shoulder tensions are likely to remain high, especially around the border with South Korea.
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Despite the recent strikes against cuts in public sector pensions, Aviva reports that most British people have a head-in-the-sand attitude to pensions. Aviva said that few people start "actively thinking" about pensions until they are 48 years old, and take another four years before they do anything about it.
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Savings for older people have fallen by more than 25% over the past year, while incomes for the over-55s have dropped, according to research by Aviva. One in 10 of the over-55s are surviving on less than ÂŁ500 a month, with single women most likely to be in poverty, said Aviva in its "Real Retirement Report".
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