Budget 2024

There is nothing inevitable about it.
Could it happen, yes it could but remember this; before 1908 there was no state pension and then there was a WILL to create and maintain one. Whilst that WILL remains so will the SP. The way it is funded and managed will no doubt move with times. Part of that WILL was the belief that current worker contributions would fund those already retired who may not have not paid directly into the system financially but had done so via their contributions to society in general. The State would expect you to put your life on the line during major conflicts so they should reciprocate that when you grow old.
By the way your "parasites" comment is in very bad taste and one for which you should be ashamed.

 

I can't unfortunately join the lynch squad. My final salary pension allows me a tax free life in Spain. The wife has regular blue rinses, whilst I golf daily, with other expats leaving the bitter dregs of later generations to suffer in this cruel world we so selfishly created, alone and skint. very enjoyable it was too. MMMM.......5th G& T already. My accountant was able to limit my tax exposure so my children will never have to work or contribute towards you and yours.
Oh, be careful with that weight problem, health wise, the NHS is screwed. Again, I'm alright Jack, always go private.X I

 

what 10% as a mineworker with a mw pension -government took 20% back as income tax%% and thats without th 4 billion + from the m/w pension profits

 

well I was working for them at the time so I can say the answer is no they didn’t. They committed to for example the National Minimum Wage in advance of the 1997 election which was costly and had huge risk. To compare the two is spurious.

I don’t recall them saying to fund breakfast clubs ‘savings in other parts of the school budget would need to be made. To stop the country collapsing massive investment is needed. We need honest conversations about that. Not lies.

Not stupid nonsense like ‘no money left ‘magic money trees’ and ‘maxed out credit cards’ which basic baked in austerity and makes Reeves look economically stupid. She is about as far away from Gordon Brown and as it’s possible to be. George Osbourne without the personality. A right wing austerity hawk Thatcherite who isn’t miraculously going to change if elected. .

Labour are back to bashing immigrants and demonising those on benefits. They seem to especially hate. Disabled people just like they did previously. They will quickly find that tthis would cost money not save it as they did before.

Parties veer to the right in office as New Labour dis they don’t start our pro austerity and further privatisation of the NHS and then go ‘only joking’

 

So you'll remember Prudence then?

 

Who said satire was dead?

I thought you lived in Wales?

 

Only Dear Prudence.

 

Is she coming out to play ?

 

let’s hope so.

 

Sad to see some of you insulting each other and generalising about the OAP generation but here's a thought...I started work like others on here at 15, I retired and recieved a state pension at 66 which is 51 years of tax and NI..
My kids went to Uni and started work at around 20, if they get a state pension at the projected age if 71 that will be 51 years of tax and NI.. yes they will pay for their education but their earning capacity is already outstripping what I had due to having degrees. Just my view ...

 

Well, maybe! I'm rapidly approaching 40 and my retirement planning assumes that I won't get a state pension at all. They'll say that the budget won't stretch to it or something.

It does feel like this is a very common view amongst people of my age, if they're interested at all. State pensions are a benefit which can be increased, decreased or taken away if necessary, so what's the point? It should be a lot more difficult to do that to any money that I've put away myself...