News & Events | WDM - Part 215

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EU to review agenda following landmark voting results May 29, 2014

The European Union is to review its agenda, following significant gains by anti-EU parties in the European elections. Speaking after the landmark results, European Council President Herman Van Rompuy highlighted the importance of focusing on supporting economic growth and boosting employment, as well as striking the right balance when setting policies at European or national
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Firms urged to prepare for pensions auto-enrolment May 22, 2014

As the phased introduction of pensions auto-enrolment continues, recent research has suggested that more than 80% of employers are facing increased costs as a result of the new regime. Auto-enrolment is being phased in over a number of years, and will require most UK employers to automatically enrol eligible workers into a qualifying pension scheme
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Bank of England could cap mortgages May 22, 2014

In an effort to prevent a housing bubble, Mark Carney, Governor of the Bank of England (BoE) has suggested preventative measures for mortgage lending. Capping mortgage to salary ratios is one way in which the BoE thinks a crisis can be averted. What Mr Carney referred to as an ‘affordability test’ for borrowers, and putting
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Calls for price cuts as energy firm profits soar May 22, 2014

Energy group SSE has reported a 9.6% rise in last year’s profits to £1.55 billion. SSE’s raised prices last November by 8.2%, saying that profits from households had fallen due to lower gas consumption and milder weather. Britain’s second largest energy supplier said that all of the profit came from its wholesale arm rather than
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UK economy to beat recession this year May 15, 2014

The National Institute of Economy and Social Research (NIESR) has reported that the economy may already be larger than its pre-2008 high. Jonathan Portes, director of the NIESR, said: ‘The end of the great recession, it is an important moment. The British economy is very close to being bigger than it has ever been. Symbolically,
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