Pension triple lock gone

Discussion in 'Bulletin Board' started by Egham Tyke, Sep 7, 2021.

  1. Dan

    DannyWilsonLovechild Well-Known Member

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    She's probably the best of the journalists at the minute. 3 or 4 times she was overlooked by the cowardly liar of a PM at Covid pressers because of tough questions asked previously.
     
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  2. arabian_ian

    arabian_ian Well-Known Member

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    More reason to vote SNP
     
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  3. orsenkaht

    orsenkaht Well-Known Member

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    But the Labour left will keep chiselling away at Sir Keir?
     
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  4. upt

    upthecolliers Well-Known Member

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    Thanks for that Dreamboy.
    And there you have it this idiot of a prim-minister, shame on you that voted this corrupted government into power.
     
    Last edited: Sep 7, 2021
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  5. Ton

    Tonjytyke Well-Known Member

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    I’m confident that the demise of the triple lock will be temporary, a bit like the licensing hours change in 1914 under the defence of the realm act.
     
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  6. Skryptic

    Skryptic Well-Known Member

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    Wages collapsed last year, the state pension didn't, the fact that wages are going back to their previous rate shouldn't mean that pensions get a matching increase
     
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  7. e-red

    e-red Well-Known Member

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    Same here. About time we got a voting system where every vote counts.
     
  8. blivy

    blivy Well-Known Member

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    If anyone is complaining about not getting an overinflated increase due to a statistical anomaly they need to give their head a wobble.

    Earnings haven’t increased by the amount the triple lock would increase pensions by and earners are already being hit by increased NI.

    The sooner the triple lock is abolished the better. Will never happen though as it’s a vote loser.
     
  9. Did

    Didcot Red Well-Known Member

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    White Flag was her best album.
     
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  10. Marlon

    Marlon Well-Known Member

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    British pensioners are one of the lowest paid In Europe , so yeah let’s have a go at pensioner bashing us and them just like the Torys love it
     
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  11. blivy

    blivy Well-Known Member

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    Where have I bashed pensioners? You can think the base amount paid is too low whilst still thinking the mechanism for determining future increases is not fit for purpose.

    The triple lock is unsustainable in the long term, that’s undeniable. The mechanism means eventually the state pension will become higher than average earnings. It might take a generation, it might take two generations. At some point it’s going to have to change.

    I’m also convinced the state pension will become means tested eventually. We’re being primed for this through auto enrolment into private pension schemes. If you’ve saved enough in a private pension throughout your working life you won’t get a state pension. Young people will be expected to save for their own private pension whilst continuing to pay “insurance” for a state pension they’ll probably never get.

    If this is likely to be the case then we need some honestly now and for the whole system to be completely reformed. NI should be scrapped and replaced with higher income tax rates and there needs to be a guarantee today about what state pensions/support will look like 40 years from now so young people can manage their finances over their working life. Bad news now is better than bad news 5 years before you’re about to retire.
     
  12. Marlon

    Marlon Well-Known Member

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    So e people are so poorly paid they can’t afford a private pension Whikst ever we deem some jobs not worthy of a decent wage and un that prejudice is stopped this is what happens .
    And you said the sooner it’s stopped the better ! Nothing about winding it down and saying it’s unsustainable now when we are the poorest paid pensioners in Europe never mind eu
     
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