Life Expectancy is rising
News was slow over the Christmas period but when the Pensions Minister, Steve Webb, issued a statement to say that 17% of the current UK population would reach the age of 100 the press made the most of it. Headlines included – over 10 million centenarians but it was not made clear that this would take many years to happen.
Spain & Portugal – the next big worry for the eurozone
After a warning from the credit rating agency Moody’s that Spain’s credit rating might be downgraded, the euro slid hard against the dollar yesterday (16th December 2010). Spain is the big worry for the eurozone. Ireland and Greece were nasty blips, but they could be coped with.