Co. Down, Lancashire, Fife, West Lancashire, East Sussex. pro EU, anti-Tory. NO Labour supporter. Retired Chartered Accountant 1 mile from English Channel
Why does the triple lock stick in the craw of many r/w zealots?
There’s always the weasel words about not wanting to reduce State Pensions but look at the mess Labour created with its own goals WFP withdrawal & 2-child benefit cap.
Start protesting about CEO bonus awards better!
Is the state pension really so 'meagre'? Let's take a look...
The basic state pension is just £12,547 a year. But...
Only around 15% of pensioners rely on the state pension alone. The vast majority have other income from private pensions etc., which is exactly how our system is designed to work (and why the UK has generous tax breaks for pension contributions).
The small proportion of pensioners whose only source of income is the state pension are entitled to other benefits in addition, including pension credit, housing benefit and council tax support.
A pensioner with no other income, no savings, no disabilities, no care responsibilities and rent of £800 per month is entitled to £401.55 a week in benefits including state pension, which is £20,881 a year.
For comparison, a full time minimum wage worker has an after tax income of £21,364. Unlike a pensioner, a full time minimum wage worker is not entitled to free travel, free prescriptions, a winter fuel payment or senior citizens discounts.
£21,000 a year is not a lot of money. But the very poorest pensioners have similar incomes to low-wage workers. Given the greater costs faced by those who are working, it's perhaps not surprising that working age adults are now more likely to live in poverty than pensioners.
And at the other end of the scale, one in four pensioners are millionaires and still receive the basic state pension, paid for by current tax payers (including those on minimum wage).
No one (definitely not me) is suggesting that the state pension should be reduced for the poorest pensioners. But pension spending now accounts for half of the UK's social security budget and, given the urgent need to cut government spending, we must consider reforms like means-testing and scrapping the triple lock.
We are five days into a ten day cease fire during the seventh week of a four week war after a straight that was already open was reopened after being closed due to the war we started.
He watched 230,000 bodies pile high. He is so incompetent , such a buffoon, so in denial, he writes in the Fail and praises himself. The highest death rate in Europe.
@alexwickham@adamboultonTABB It actually all sounds pretty credible.
Setting PM to match DJT had a certain credit to it & the fact that both former lives give rise to concerns little surprise.
@RichardJMurphy The mistake is for anyone to believe that any Government has extensive reach.
We have had 16 years or more of fine intentions/proposals/pledges with few coming to fruition & the Establishment pursuing its merry way.
Clear now that @wesstreeting is a significantly square peg in a round hole.
If anything, worse than his execrable Tory predecessors, and they were bad.
Wes Streeting and Keir Starmer have made their choice.
They chose to remove 1,000 extra GP and Consultant training jobs.
They chose to take 1,000 extra NHS specialists out of the pipeline, who could help cut waiting lists faster.
That is this Labour Government’s choice.
@BBCBreakfast Not really @peterkyle - it only means February was outstanding, NOT that there is resilience in a flagging economy facing extreme energy costs.
Classic case of senior management failing to acknowledge their AI investment is a failure whilst the reduced workforce faces the detailed outcome of blunders.
https://t.co/Sr0QNXoWzi