ONS: House prices rise 2.3%

IveSeenTheLight

Graham_Devon wrote: »

You mean to sort YOURSELF out in this problem?

Adding more people to the country just add's more pension liabilities a bit further down the line. As said so many times to you, but you simply gloss over and run off to another thread to say the same thing.

Hasn't it been mentioned many times before that non indigenous people tend to relocate back to their home country in later years thus are not a liability further down the line.

Suggestion is that people come to the UK for work / better lifestyle, but prefer to retire abroad (or back home) once their income dries up.

Graham_Devon

IveSeenTheLight wrote: »

Hasn't it been mentioned many times before that non indigenous people tend to relocate back to their home country in later years thus are not a liability further down the line.

Suggestion is that people come to the UK for work / better lifestyle, but prefer to retire abroad (or back home) once their income dries up.

Population figures don't really backup your case.

You like figures ISTL, so I'm sure you'll agree!

RenovationMan

Calm down Devon, it's only a forum.

ISTL is one of the good guys, like Generali. Stop trying to pick a fight with him.

I mean, you do realise he's not the government minister in charge of pensions, don't you?

CLAPTON

IveSeenTheLight wrote: »

Hasn't it been mentioned many times before that non indigenous people tend to relocate back to their home country in later years thus are not a liability further down the line.

Suggestion is that people come to the UK for work / better lifestyle, but prefer to retire abroad (or back home) once their income dries up.

seems unlikely that people who have lived here for 40 years and have children and grandchildren born here will return to their native lands upon retirement

if it were so however, presumbaly we are experiencing a flood of elderly Brits that migrated to Aus etc which would balance out the flows to some extent.

RenovationMan

CLAPTON wrote: »

seems unlikely that people who have lived here for 40 years and have children and grandchildren born here will return to their native lands upon retirement

if it were so however, presumbaly we are experiencing a flood of elderly Brits that migrated to Aus etc which would balance out a flows to some extent.

You still receive a state pension if you retire abroad. It just doesn't receive the cost of living increases, unless you've retired in the EU.

CLAPTON

RenovationMan wrote: »

This is the problem we have with a state penson system that is funded from future tax receipts instead of being funded by investment, like the Norwegian Sovereign fund for example. Until this changes, then we will always need an ever increasing population.

A partial solution would be to use a form of the German 'Guest Worker' system where people work here but have no citizenship rights and obviously pay less NI to compensate for them not qualifying for a state pension of their own.

The Norwegian Soveign fund results from their large gas amd oil resources in a country with a small population so it's not funded out of this generations productive resources; sadly not an option for us as our little bonanza ws spent paying for the unemployed in the 80s and 90s.

That doesn't mean we always need a rising population; it simply means we have to distribute the wealth/income we have to support our population and of course people working longer.

Mallotum_X

IveSeenTheLight wrote: »

Hasn't it been mentioned many times before that non indigenous people tend to relocate back to their home country in later years thus are not a liability further down the line.

Suggestion is that people come to the UK for work / better lifestyle, but prefer to retire abroad (or back home) once their income dries up.

Didnt happen when Irish immigration happened, didnt happen with the west indians, didnt happen with the indian and pakistani populations.

Some do, but clearly a significant number stay for ever.

DervProf

HAMISH_MCTAVISH wrote: »

Actually, population growth gets a double :beer::beer:.

We badly need immigration to rebalance our aging population problem.

True, but we need to provide the infrastructure for this population growth, otherwise there is a lot of negative impact on the quality of life for the existing population.

That's a common problem with this country, we look at a problem and take a short term view. Look at Olympic security, another case of throwing a lot of money at a problem, but not coming up with the goods. That's just one small example. With housing, we see the likes of you celebrating HPI without considering the wider and longer term effects. It's quite clear that you are benefiting financially from population growth and lack of building. Truth be told, I am too. However, I can see plenty of downside and hardship if this continues, and that doesn't bode well for an ever increasing percentage of the population.

IveSeenTheLight

CLAPTON wrote: »

seems unlikely that people who have lived here for 40 years and have children and grandchildren born here will return to their native lands upon retirement

if it were so however, presumbaly we are experiencing a flood of elderly Brits that migrated to Aus etc which would balance out the flows to some extent.

Possibly.
Naturally, I'm not trying to portray that they all leave, if however 100% contriubte to society whilst earning and only 10% return, then 100% are contributing to incur 90% liabilities in the future.

Personally, I'd like to be close to my family, but with the world as it is, one could end up in New York, whilst the other is in Australia, that's why when I retires, I'll be considering some place like Malaysia where they have an enticement to come and spend my retirement income there under the Malaysia My Second Home (MM2H) programme http://www.mm2h.gov.my/

Now, I'm contributing to the British economy and taking very little out, when I retire I'm likely to take even less out (If I'm living abroad), however my retirement income is also being spent abroad, so not sure where the line lies, but I'd guess I'm heavily over the contributing more than being a liability.

IveSeenTheLight

Graham_Devon wrote: »

Population figures don't really backup your case.

You like figures ISTL, so I'm sure you'll agree!

We'll I do like facts and stats.#I also like detail and context.

I'm not so sure you can make such an assumption just on the broad population figures.#These figures include emigration and immigration.
We'd also need to see a breakdown in the age levels of these migration indices.