Whilst the announcement about pensions was really nothing new yesterday, it seems to have grabbed the headlines much more than when Labour talked about it.Most commentators recognise that something needs to be done about pensions, but changing people's attitude to saving for retirement is difficult. Dare I say it, but this 'enforced' pension contribution is probably a step in the right direction.
However, with the majority of the population employed by the micro and small business sector, the burden upon employers in terms of administration and contribution cost is therefore significant. And, coupled with the possible change in maternity pay legislation, will all these additional costs prove a deterrent for micro and small businesses to expand and therefore fuel the economy?
