David Prosser: Pension plan is nothing more than hot air
Tuesday 26 October 2010
Outlook So after all the nasties, those public sector jobs, the removal of child benefit from anyone earning top-rate tax (even if they're not that rich) and the rest, it's time to throw the public a bone or two. Step forward the Pensions minister, Steve Webb, with a bold (and carefully leaked) plan to bring in a flat-rate state pension of £140 for all... well, at least those with sufficient time as residents of this country to have paid a decent amount of tax and NI.
Some of the money for this will come from picking apart the horribly complex mess of the current state pension system, which was bequeathed by the previous Labour government. It will not be enough, though, because this marvellous idea (due to be published later this year) is quite unaffordable in this age of austerity, whatever the savings from efficiency gains and abandoning means testing. The Business Secretary Vince Cable, cutting a dash by promising a "radical overhaul" of the pension system, is well aware of that uncomfortable fact.
- 1 Boston Marathon runner's search for mystery man she kissed ends with letter from his wife
- 3 Frankie Boyle on Scottish independence: 'In the Interests of Unity, F**k Off'
- 4 How to gain confidence and maximise your sexual potential
- 5 Chinese theme park sets up 'death simulator' where volunteers can experience being cremated
Saudi Arabia's King Salman sacks senior aide for 'slapping' a journalist behind him live on TV
Boston Marathon runner's search for mystery man she kissed ends with letter from his wife
Frankie Boyle on Scottish independence: 'In the Interests of Unity, F**k Off'
Italian police 'reveal' what Jesus looked like as a young boy
Florida couple forced to register as sex offenders for having sex on public beach
In defence of liberal democracy
General Election 2015: Post-election 'shambles' looms as 70 per cent of voters say SNP 'should not be able to veto UK government policies'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
iJobs Money & Business
£60000 - £70000 per annum + benefits : Ashdown Group: A highly successful, glo...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£27 - 35k + Bonus + Benefits: Guru Careers: A Management Accountant is needed ...
£40-50k + Benefits.: Guru Careers: A Project Manager / Business Analyst is nee...