For decades, the basic promise was that if you didn’t work the state would support you, but you would be poor.
The Exchequer Secretary to the Treasury, Robert Jenrick, delivered a speech at the Charity Tax Group conference.
If these firms have been failing to report millions of transactions correctly for ten years, then the fines amount to little more than 15 pence per transaction; a transaction that perhaps they are applying a compliance charge for, hence still making a pro
It is also greater than the median pay gap in the wider financial and insurance industry, of 23.5 per cent, and mining and construction companies, which have pay gaps of 26 per cent and 22 per cent, respectively.
According to the survey, women felt less prepared for retirement than men, with 48 per cent of women saying they were unprepared, compared to 25 per cent of men.
Yet, despite the improvements, the overall attitude remains 9.5% lower than at the same time a year ago, Lloyds warned.