QE has driven corporate pension liabilities sky-high, and MPs are considering softening inflation-linked promises amid complaints over generational inequality. But British companies’ ever-increasing dividends makes such a move politically tricky.
Continue reading..Risky Finance 20 January 2009 The UK Treasury says it has avoided setting up a 'bad bank' to buy up toxic or hard-to-value assets from banks. Instead it has come up with the asset protection scheme (APS), an insurance mechanism intended to jump start the UK's moribund loan markets without the need to bulk up…
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