| Triple lock could add £45 billion a year to state pensions bill by 2050 08:18 - Sep 8 with 15626 views | DJR |
Following on from a thread which I think Joe started, and speaking as someone only two years off state pension age, the following is a disgrace in terms of generational fairness. The triple lock must go, with additional help targeted at those pensioners who need it, although it should be noted that according to Karl Emerson of the IFS, speaking on the Today Programme this morning, pensioner poverty rates are actually lower than the general population.
https://www.theguardian.com/money/2023/sep/08/triple-lock-could-add-45bn-to-stat
[Post edited 8 Sep 2023 18:19]
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| Triple lock could add £45 billion to state pensions bill by 2020 on 13:41 - Sep 12 with 901 views | Herbivore |
| Triple lock could add £45 billion to state pensions bill by 2020 on 13:17 - Sep 12 by Leaky |
Become a Brickie |
So in your world when all the teachers and nurses have left their jobs to become tradespeople, and the tradespeople are earning a pittance because of too much competition and there's nobody to educate our kids or take care of our sick, how do you think that's going to go? |  |
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| Triple lock could add £45 billion to state pensions bill by 2020 on 13:46 - Sep 12 with 898 views | Leaky |
| Triple lock could add £45 billion to state pensions bill by 2020 on 13:41 - Sep 12 by Herbivore |
So in your world when all the teachers and nurses have left their jobs to become tradespeople, and the tradespeople are earning a pittance because of too much competition and there's nobody to educate our kids or take care of our sick, how do you think that's going to go? |
The trades people I know are no longer earning a pittance, due to a shortage after Brexit. That's probably why we left. |  | | |
| Triple lock could add £45 billion to state pensions bill by 2020 on 14:00 - Sep 12 with 885 views | HankScorpio |
| Triple lock could add £45 billion to state pensions bill by 2020 on 13:46 - Sep 12 by Leaky |
The trades people I know are no longer earning a pittance, due to a shortage after Brexit. That's probably why we left. |
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| I expect nothing from you, except to die and be a very cheap funeral. |
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| Triple lock could add £45 billion to state pensions bill by 2020 on 14:08 - Sep 12 with 870 views | Ewan_Oozami |
| Triple lock could add £45 billion to state pensions bill by 2020 on 13:46 - Sep 12 by Leaky |
The trades people I know are no longer earning a pittance, due to a shortage after Brexit. That's probably why we left. |
Yep, I'll be training as an electrician when I leave my company next year, money for old rope apparently, or rather money for old 2.5mm^2 |  |
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| Triple lock could add £45 billion to state pensions bill by 2020 on 14:08 - Sep 12 with 871 views | Herbivore |
| Triple lock could add £45 billion to state pensions bill by 2020 on 13:46 - Sep 12 by Leaky |
The trades people I know are no longer earning a pittance, due to a shortage after Brexit. That's probably why we left. |
I've tried to be polite to this point, but you're just being really evasive and, frankly, a total idiot. | |
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| Triple lock could add £45 billion a year to state pensions bill by 2050 on 14:57 - Sep 12 with 843 views | DJR |
This from Mel Stride on the World at One today suggests the triple lock doesn't have much future, with both parties not prepared to put up taxes.
"This argument has been around for a long time, and understandably so because the Office for Budget Responsibility, the main independent forecaster, comes forward with the fiscal sustainability report on an annual basis.
And it casts out 50 years, and it looks at the impact of the increase in the state pension on the triple lock, amongst other issues, and what that does to the parent finances.
So we’ve known for a long time, that in the very, very long term, you’re absolutely right, it is not sustainable. But of course, what I’m dealing with is now and where we stand at the moment, is we remain committed to the triple lock. And that’s the path that we will be taking.
But as to the future, and after future general elections, and so on and so forth, who knows. But that’s the position we’re in at present." [Post edited 12 Sep 2023 14:59]
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| Triple lock could add £45 billion to state pensions bill by 2020 on 18:21 - Sep 12 with 790 views | Churchman |
| Triple lock could add £45 billion to state pensions bill by 2020 on 13:17 - Sep 12 by Leaky |
Become a Brickie |
Tell me, if everybody was a brickie/tradesperson avoiding paying their tax as you have done, how are public services to be paid for? |  | | |
| Triple lock could add £45 billion a year to state pensions bill by 2050 on 18:29 - Sep 12 with 786 views | thebooks |
| Triple lock could add £45 billion a year to state pensions bill by 2050 on 14:57 - Sep 12 by DJR |
This from Mel Stride on the World at One today suggests the triple lock doesn't have much future, with both parties not prepared to put up taxes.
"This argument has been around for a long time, and understandably so because the Office for Budget Responsibility, the main independent forecaster, comes forward with the fiscal sustainability report on an annual basis.
And it casts out 50 years, and it looks at the impact of the increase in the state pension on the triple lock, amongst other issues, and what that does to the parent finances.
So we’ve known for a long time, that in the very, very long term, you’re absolutely right, it is not sustainable. But of course, what I’m dealing with is now and where we stand at the moment, is we remain committed to the triple lock. And that’s the path that we will be taking.
But as to the future, and after future general elections, and so on and so forth, who knows. But that’s the position we’re in at present." [Post edited 12 Sep 2023 14:59]
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It’s “unsustainable” if you’re not willing to look at ways of funding it.
I was kind of hoping Rachel Reeves was leaving some wriggle room when she announced no wealth taxes as there are lots of other things you could look at, but who am I kidding. |  | | |
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| Triple lock could add £45 billion to state pensions bill by 2020 on 19:23 - Sep 12 with 740 views | Swansea_Blue |
| Triple lock could add £45 billion to state pensions bill by 2020 on 14:13 - Sep 10 by Leaky |
So should help you get a pay rise, supply & demand its how the system works. |
Narrator: “that’s not how public services work” [Post edited 12 Sep 2023 19:24]
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| Triple lock could add £45 billion a year to state pensions bill by 2050 on 21:25 - Sep 12 with 709 views | DJR |
| Triple lock could add £45 billion a year to state pensions bill by 2050 on 18:29 - Sep 12 by thebooks |
It’s “unsustainable” if you’re not willing to look at ways of funding it.
I was kind of hoping Rachel Reeves was leaving some wriggle room when she announced no wealth taxes as there are lots of other things you could look at, but who am I kidding. |
I couldn't agree more, but, as Labour Party member, I have no faith in Rachel Reeves departing from the Tory line on tax and spend more generally.
EDIT: And if she were ever tempted to do so, she would have Tony Blair breathing down her neck: you might not be able to read the article but you get the gist from the headline.
https://www.ft.com/content/c39a9576-a8fb-416c-ad94-ba90b1e16a0e [Post edited 13 Sep 2023 7:32]
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| Triple lock could add £45 billion to state pensions bill by 2020 on 23:00 - Sep 12 with 669 views | HARRY10 |
| Triple lock could add £45 billion to state pensions bill by 2020 on 13:46 - Sep 12 by Leaky |
The trades people I know are no longer earning a pittance, due to a shortage after Brexit. That's probably why we left. |
It never ceases to amaze me why righties feel they have to keep demonstrating their stupidity, as if all previous eamples do not mean anything.
So a temporary blip in building workers pay cancels out the continuing damage to the wider economy. And that damage will not affect you further down the line.
Reading these simpletons guff it is easy to see how Fartrage made so much money out of them. |  | | |
| Triple lock could add £45 billion a year to state pensions bill by 2050 on 11:50 - Sep 13 with 595 views | Darth_Koont |
| Triple lock could add £45 billion a year to state pensions bill by 2050 on 21:25 - Sep 12 by DJR |
I couldn't agree more, but, as Labour Party member, I have no faith in Rachel Reeves departing from the Tory line on tax and spend more generally.
EDIT: And if she were ever tempted to do so, she would have Tony Blair breathing down her neck: you might not be able to read the article but you get the gist from the headline.
https://www.ft.com/content/c39a9576-a8fb-416c-ad94-ba90b1e16a0e [Post edited 13 Sep 2023 7:32]
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I’m guessing the gist of the FT article is here:
https://www.theguardian.com/politics/2023/sep/13/labour-cant-tax-and-spend-its-w
Labour has been utterly captured by neoliberal ideologues.
If it’s not tax and spend to address the mess in our economy then the answer from Reeves (and I suppose Blair) is just to “grow the economy”. How exactly? Especially when a lack of investment in our society and in our regions has weakened the very foundation. |  |
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