U.K. senior citizens have been least affected by the economy shifts. BT has been called out for underinvesting in their own company. The government plans to introduce competition to the water market to save England’s residents from the monopoly. Money-savers are seeing their saved income erode instead of mature over time. Grandparents save money more for their children than for themselves. The government isn’t helpful with local debts (credit cards etc.). Travelers have been tricked into going to hotels that aren’t what was promised in the brochures. Car consumers are not concerned about safety when buying a vehicle.

Key Takeaways:

• The BBC reports that pensioners are now the least likely group to be in income poverty.
• The website also reports that over a third of grandparents across the UK make sacrifices in order to be able to give money to their families
• ‘The DWP has lost a powerful voice in fighting the corner of workplace pensions with the resignation of Ros Altmann. This new decision is a demotion for pensions and sends a worrying signal to all who are concerned about the long-term financial health of the nation.’

“”Eighteen per cent have cancelled refurbishments to their home in order to provide money to younger relatives…””

https://blogs.spectator.co.uk/2016/07/money-digest-23/