UK: Budget 2010 news

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Alistair Darling, the UK Finance Minister, unveiled a number of measures in yesterday’s Budget designed to cut expenses and promote employment, including:
– In the public sector, he proposed moving 15 000 workers to cheaper locations outside London in the next three years. In addition he said that cuts will be made in public-sector pensions and pay for senior civil servants.
– Jobseekers aged between 16 and 24 will have the guarantee of a job, education or training within 6 months extended for a year until 2012.
– Flexible retirement will be encouraged for employees over 60 as they will be able to work fewer hours to receive working tax credits.
– The mandatory retirement age of 65 will be reviewed, and possibly repealed.

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