Pensions triple lock - doomed ?
Discussion
As thread title, will the Tories abolish the pension triple lock or at least have a fiddle with it?
With the rate of inflation rising I foresee in my crystal ball pensioners taking a hit over the next Parliament.
Apparently us oldies are already sharpening our pencil to place a voting X in a box which is not Tory. Our PM seems to be taking a very big gamble with the grey vote.
What do you say about the issue ?
With the rate of inflation rising I foresee in my crystal ball pensioners taking a hit over the next Parliament.
Apparently us oldies are already sharpening our pencil to place a voting X in a box which is not Tory. Our PM seems to be taking a very big gamble with the grey vote.
What do you say about the issue ?
You oldies were able to influence the current situation before it happened but failed to and have been well insulated from the recent cutbacks. Now you are whinging about having to lie in the bed you made. Finally you are threatening to sink the ship. I hope if you have children they despise you as much as I do.
crankedup said:
As thread title, will the Tories abolish the pension triple lock or at least have a fiddle with it?
With the rate of inflation rising I foresee in my crystal ball pensioners taking a hit over the next Parliament.
Apparently us oldies are already sharpening our pencil to place a voting X in a box which is not Tory. Our PM seems to be taking a very big gamble with the grey vote.
What do you say about the issue ?
Given loads of oldies swung the brexit vote putting the economic future of the UK in doubt, the sort of cuts the tories are warming us all up for - including pensions - are what you asked for. Why shouldn't you oldies grin and bear it - take some of the brunt of the next decade of hardship that you voted for? With the rate of inflation rising I foresee in my crystal ball pensioners taking a hit over the next Parliament.
Apparently us oldies are already sharpening our pencil to place a voting X in a box which is not Tory. Our PM seems to be taking a very big gamble with the grey vote.
What do you say about the issue ?
May can even say she has a mandate to do it.
crankedup said:
As thread title, will the Tories abolish the pension triple lock or at least have a fiddle with it?
With the rate of inflation rising I foresee in my crystal ball pensioners taking a hit over the next Parliament.
Apparently us oldies are already sharpening our pencil to place a voting X in a box which is not Tory. Our PM seems to be taking a very big gamble with the grey vote.
What do you say about the issue ?
Bit ironic coming from one of the more vociferous Brexit posters! With inflation being driven by GBP devaluation you have to wonder about the competence of the electorate. If you have a private pension, particularly invested in U.K. Equities the FX effect would actually be helping you given the effect of ftse companies with US earnings (and the current low interest rate environment).With the rate of inflation rising I foresee in my crystal ball pensioners taking a hit over the next Parliament.
Apparently us oldies are already sharpening our pencil to place a voting X in a box which is not Tory. Our PM seems to be taking a very big gamble with the grey vote.
What do you say about the issue ?
Anyway, everyone has to take one for the team to get the best result of Brexit, we need to cut welfare spending across the board. With better healthcare people can work longer anyway (with an aging population private or self provision should be further encouraged - do it right and early retirement is a feasible option).
And who is the protest vote? Labour or Lib Dems; parties whom are going to bankrupt future generations? Anyone whom does this is a bit of a c**t.
Dr Jekyll said:
Nobody is suggesting cutting pensions. The suggestion is merely to scrap a scheme that means pensions are potentially increased by more than inflation for year after year. It's certainly nothing to do with Brexit, scrapping it just takes us back to the situation before 2010.
Indeed. There is absolutely no reason why we should be uplifting any state benefit by more than the rate of (CPI) inflation.stongle said:
And who is the protest vote? Labour or Lib Dems; parties whom are going to bankrupt future generations? Anyone whom does this is a bit of a c**t.
Whilst I agree with much of your post, it grates when people use 'whom' in place of 'who'. They are not interchangeable at all!Jimmy Recard said:
stongle said:
And who is the protest vote? Labour or Lib Dems; parties whom are going to bankrupt future generations? Anyone whom does this is a bit of a c**t.
Whilst I agree with much of your post, it grates when people use 'whom' in place of 'who'. They are not interchangeable at all!I'm actually amazed that the potential to loose a couple of quid a week is used as an opportunity to sabotage the health of the country.
basherX said:
Dr Jekyll said:
Nobody is suggesting cutting pensions. The suggestion is merely to scrap a scheme that means pensions are potentially increased by more than inflation for year after year. It's certainly nothing to do with Brexit, scrapping it just takes us back to the situation before 2010.
Indeed. There is absolutely no reason why we should be uplifting any state benefit by more than the rate of (CPI) inflation.A private pension with similar benefits would be quite expensive.
If the Tories went ahead and did this the policy itself would have little impact on the lives of OAPs however it would create such a pr s
tstorm (much more than the recent NI changes or previously things like the pasty tax) that it would be foolish to go down this route publically. They should just bring it in through the backdoor once they've won the election.
tstorm (much more than the recent NI changes or previously things like the pasty tax) that it would be foolish to go down this route publically. They should just bring it in through the backdoor once they've won the election.stongle said:
Bit ironic coming from one of the more vociferous Brexit posters! With inflation being driven by GBP devaluation you have to wonder about the competence of the electorate. If you have a private pension, particularly invested in U.K. Equities the FX effect would actually be helping you given the effect of ftse companies with US earnings (and the current low interest rate environment).
You appear to be confusing those who are saving for their retirement within a pension scheme (which will likely have equity exposure) and those who are already retired and hence are much less likely to be exposed to equities!Dr Jekyll said:
Nobody is suggesting cutting pensions. The suggestion is merely to scrap a scheme that means pensions are potentially increased by more than inflation for year after year. It's certainly nothing to do with Brexit, scrapping it just takes us back to the situation before 2010.
Everything (negative) is to do with Brexit as far as ///adj is concerned!!Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff