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£300 a year to pensioners is ~£1.5 billion in savings. It's peanuts really.
It’s 7% of the missing £22bn, definitely not peanuts.
After 14 years of coddling by the Tories, it’s high time the portion of the retired that can afford it started repaying some of the damage that was done to the economy during the pandemic in order to keep them safe - the young and working age of the country have already paid a lot more. I hope the triple-lock is scrapped in the budget, it’s wrong that pensions go up by more than average wages.
rodan-
You're clearly not fsctoring the saga cruise liner industry. That cannot be allowed to collapse.
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I'm all for making the wealthy (of all ages) pay more, so increase CGT and inheritance tax, bring in a wealth tax, increase council tax bands or bring in a land value tax. Any of these will raise many billions from the wealthier in society.
Labour's first reaction seems to be to cut spending. Departments have already been warned they face big cuts in the upcoming budget.
The argument people are making early on is let's not have another round of austerity, there are many other ways of 'balancing' the budget, if that's what they want to do.
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it’s high time the portion of the retired that can afford it started repaying some of the damage that was done to the economy during the pandemic
and at what point would you decide that portion starts ?
rhb
Lebowski
not4sale
I think what a lot of people (unions included) are upset about is that Labour have been signalling another round of austerity and this seems to be the start. £300 a year to pensioners is ~£1.5 billion in savings. It's peanuts really.
Why make all these cuts when Reeves just needs to shift her (the Tories) fiscal rules slightly and all of a sudden instead of needing to make cuts, there will be extra money to invest back into public services.