Even though the British economy is thought to have made it out of the recession during the last quarter of 2009, it still will not reach the GDP of pre-recession before the close of 2011, according to a new report by the Confederation of British Industry. The CBI predicts that even though Q4 of 2009 […]
Tag: Confederation of British Industry
The end of final salary pension schemes
A new report released by the CBI (Confederation of British Industry) warns that thousands of employees in the private sector that have been contributing to the final salary pension schemes may soon be forced to change their pensions into defined contribution plans. As increasing deficits are hindering competitiveness, directors of eight out of ten companies […]