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Pensions

Discussion in 'General Chat' started by trevor, Oct 26, 2021.

  1. trevor

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    If the living wage is to go up by 6.6% then pensions should go up by the same amount instead of the reduced 3.1%, Another Tory promise broken
     
  2. Storck

    Storck Regular Starter

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    pension rises have never been linked to minimum wage rise.
     
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  3. trevor

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    you are right but it is normally linked to earnings which means pensioners will have a cut in earnings and a reduction in spending power if inflation goes above 3.1%
     
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  4. MallorcaBantam

    MallorcaBantam Impact Sub

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    Pensioner mostly put their pension money straight back into the economy
    pensioners are a great investment
     
    trevor likes this.
  5. Hulmebantam

    P.L.24/25 Entrant Supporter

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    All this levelling up, high wage, high skill economy is absolute garbage...unless what happens is a massive reduction in inequality at the same time.

    Otherwise, all other things being equal, we will get rampant inflation.

    However, as soon as there is a suggestion of a redistribution of income to reduce inequality the press start screaming about communism and no serious debate can be held.

    Inflation will hit the poorest in society the hardest, it always does.

    I'm annoyed. I went to see my parents yesterday, in their eighties, worried about putting their heating on because of the increase in their bills. The winter fuel payment will dent that a bit, but not much. Without doubt, old people will die this winter because they cannot afford to heat their homes. That is what inequality does.
     
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  6. Storck

    Storck Regular Starter

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    whereas other years they have had above inflation rises. They didn’t take a cut last year when loads of people were earning less due to furlough, which then caused the large increase this year to average wages
     
  7. Aaron Baker

    Aaron Baker Impact Sub

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    Pensions are probably complicated enough with the triple lock (in normal times) without just randomly adding other factors into it.
     
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  8. Rogered Tart

    P.L. 23/24 Top 30 Euro24 PL Entrant P.L.24/25 Entrant

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    When Johnson said levelling up at the party conference it must have been near impossible for the delegates in the auditorium to hold back their snorts of laughter. Damn autocorrect on Johnsons autocue, what it meant to say was 'feck the poor'.
     
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  9. Hoochy-Min

    Hoochy-Min Squad Player

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    Are you joining us commies? Welcome, brother. We are the means of production.
     
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  10. trevor

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    Lowest pensions compared with most European developed countries and the USA, Yes they should be grateful for what they get
     
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  11. Tony Wilkinson

    P.L. 23/24 Top 30 P.L.24/25 Entrant P.L. 20/21 Top 10 Supporter

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    Don't listen to him RT,.... work, save and invest is the way to go....!!
     
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  12. trevor

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    Communism, The failed art of spending other peoples money while keeping the poor in line as cheap labour so the leaders can amass fortunes
     
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  13. Storck

    Storck Regular Starter

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    Depends how and what you compare. If you just come state pension to total pension income in other countries yes. But if you compare total average pension income then no.
    But again if you are just comparing state pension income then our contributions are a lot less than everyone else
     
  14. Rogered Tart

    P.L. 23/24 Top 30 Euro24 PL Entrant P.L.24/25 Entrant

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    Problem is you Tony and Hoochy all make valid points. And there is a good argument to encourage getting off your backside and rewarding hard work. But as this track and trace saga has shown we have a government complicit in mass fraud. The same government that would threaten to send the goons round if you so much as missed a tax payment. But then I see a country where food banks usage has gone through the roof and there is a real concern that things like ulitities essential to everyday life such as energy and water are being priced as to make life difficult for the less well off.
    I hate the Labour Party but jeez this current Tory lot are a different level of pond life.
     
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  15. Dennis

    Staff Member Moderator Supporter

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    I have a very cynical view towards the two main parties. Under their current leaderships (and recent ones!), neither are sufficiently competent to lead our country and yet most people in the country don't share that view. They have been taken in in by a conveyor belt of rhetoric and lies provided by the PM - levelling up, build back better, world leading track & trace, get Brexit done, net zero, learning lessons, world class public services, etc etc - but it's just rhetoric with very little substance. And against that flimsy background, that mirage of action, the official opposition can't even land a punch let alone make a dent in the dialogue.

    Unforunately and depressingly, I don't see anything which will improve matters in the near future.
     
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  16. Hoochy-Min

    Hoochy-Min Squad Player

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    Hang on, that sounds like what's happening right here, right now.
     
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  17. Offcomedun

    P.L. 23/24 Top 10 P.L.24/25 Entrant Qatar 2022 Entrant Supporter Euro2020 Winner Euro 2020 P.L. 20/21 3rd Place

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    It's only communism if you spend other people's money on state-funded projects that benefit millions of people.
    If you just hand it out to all your mates to set up incompetent Covid labs that misdiagnose thousands of cases, or start track and trace companies that don't have the first idea how to do it, it's absolutely fine, apparently. It's the inherent efficiency of the private sector, don't you know?
     
  18. Aaron Baker

    Aaron Baker Impact Sub

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    The big issue is that while your characterisation of the PM and a few other is absolutely bang on.

    The problem is that all the political brains are all on one side of the house as Sunak is showing at the moment. Johnson is there for show and has his place is purely as a figurehead, the Labour party can't compete with his notoriety and his personality but they also can't compete with the meat put on the bones by the people under him. He gives the rhetoric, others give the substance and Labour can't compete on either.

    In terms specifically of pensions - I hate the comparison with the other European countries as they're all misleading. They compare our base state pension with 'maximums' in other countries where people actually pay more into them. They're a complex comparison and there's no way to make it simple.
     
  19. trevor

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    I did like the reply from Labour to the budget that Sunak and Boris are like a couple of con men crooks, Boris with his big ideas and bluster distracts you while Sunak picks your pockets as you wonder where your money is after they have left
     
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  20. Idlebantam

    P.L.24/25 Entrant P.L. 20/21 Top 10

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    Oh I do miss Maggie
     

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