In 2007, the Social Security Trustees suggested that either the payroll tax could increase to 16.41 percent in 2041 and steadily increased to 17.60 percent in 2081 or a cut in benefits by 25 percent in 2041 and steadily increased to an overall cut of 30 percent in 2081.
effective rate of protection. the real amount of PROTECTION accorded to domestic suppliers of a final product when a TARIFF is applied to a competing imported final product (see IMPORTS), but either no tariff, or a lower rate of tariff, is applied on FACTOR INPUTS that are imported to produce that product.
Current Â£85,000 level of protection stands until the end of 2015. Savers are getting a new deposit guarantee limit from the New Year. The current Â£85,000 level of protection continues until 31 December 2015. So thereâs no immediate change for consumers. That means people with more than the new limit have six months to spread their money around to keep within it. The new limit will be Â£75,000, which will protect more than 95% of all savers.