Average UK state pension (SP) is £10,500 a year.
In 2022, 110,000 pensioners died from fuel poverty.
28% of over 55-year-olds have no other pension saved, will completely rely on SP.
23% of 18-34-year-olds expect to solely rely on SP.
Crisis looming. SP must be aligned with the living wage.
In 2022, 110,000 pensioners died from fuel poverty.
28% of over 55-year-olds have no other pension saved, will completely rely on SP.
23% of 18-34-year-olds expect to solely rely on SP.
Crisis looming. SP must be aligned with the living wage.
Comments
He was just granted control of the US Treasury disbursement software by newly appointed Treasury head Scott Bessent. The man has no limits.
Keep standing up for the people!
Many young people can't afford to buy or rent and live with their parents. Forcing seniors to sell would make the younger generation homeless.
Younger people tend to live in over-priced rented accommodation.
The pensioners of the present hold a great deal of accountability for the housing crisis.
Govt can't/won't tax the rich so maybe this a more responsible/equitable solution & remove need to kill 100s 1000s vulnerable people?
Important- If you are considering retiring abroad its important you read this.
https://www.gov.uk/state-pension-if-you-retire-abroad/rates-of-state-pension
They will get poorer and poorer every year.
https://www.endfrozenpensions.org/about
£11,502 is the maximum state pension for post-2016 retirees. Only 26% of retirees are eligible for it.
Income above 400k was taxed at 70% or more for the majority of the 20th century and certainly our most prosperous times.
Things started stagnating and income inequality went up when we stopped taxing them.
It basically stopped in the 80’s so they got to benefit from a stable society AND then they had more money to play with.
Which in the UK at least they used to steal our public utilities from us.
The fossil fuel co's reaping huge profits from the market
Customers paying the price of failed energy co's rather than the writing off of bad debt.
Customers instead of banks funding investment to sector
If you add up the basics -rent, council tax, groceries and food, energy costs and transport -£900 is easily exceeded.
Thank goodness in Scotland we have free prescription, public transport etc
https://modernmoneybasics.com
https://youtu.be/XcGh1Dex4Yo?si=sG86Wi_rX2cP5ZMK
https://www.taxresearch.org.uk/Blog/2021/09/13/tax-and-modern-monetary-theory/
https://bsky.app/profile/pauldstevens.bsky.social/post/3lh52dncmns2d
or this
Richard J Murphy his blog, and YouTube channel https://www.youtube.com/watch?v=iu62I0CXiYw
The government budget is not a household budget and they aren’t comparable.
Although they do love when the public thinks this way. It’s in their best interest to have a population with a weak grasp on economics.