The UK’s Post-Brexit Pension Crisis Is Getting Worse

If these figures are correct, it suggests the UK’s pension deficit has exploded by almost £50 billion from the all-time high deficit, which was only printed at the end of June.

Last week, the Bank of England threw the kitchen sink at the UK financial system in an attempt to stave off any Brexit related economic turbulence by cutting the bank rate by 0.25% and unleashing a wave of new QE as well as lending programs. After hearing the news, 10-year gilt yields immediately fell to new…

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