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Commons Work & Pensions Committee launch inquiry into "intergenerational fairness"
UKParliament
Posts: 749 Organisation Representative
The House of Commons Work and Pensions Select Committee launches a major new inquiry on "intergenerational fairness" – the question of whether the current generation of people in or approaching retirement will over the course of their lifetimes have enjoyed and accumulated much more housing and financial wealth, public service usage, and welfare and pension entitlements than more recent generations can hope to receive.
The Committee’s inquiry will investigate the extent to which this disparity is a consequence of government policies, such as the "triple lock" which protects pensioners' incomes, and/or broader economic and demographic trends. It will consider steps which could be taken to address any intergenerational unfairness.
Aim of the inquiry
The Committee intends to:
Committee's call for written evidence
The Committee invites written submissions addressing the following points:
Submit your evidence to the inquiry by Friday 19 February.
The Committee’s inquiry will investigate the extent to which this disparity is a consequence of government policies, such as the "triple lock" which protects pensioners' incomes, and/or broader economic and demographic trends. It will consider steps which could be taken to address any intergenerational unfairness.
Aim of the inquiry
The Committee intends to:
- Assess trends in, and the sustainability of, the intergenerational distribution of income, wealth and public expenditure
- Assess the impact of recent developments in welfare policy on intergenerational fairness and the interaction of pensions and welfare with other policy areas
- Produce a cross-party assessment of the sustainability of the existing welfare system, in its wider context
- Take a view on the long-term viability of policy measures such as the triple lock in the context of financial pressures on younger groups
Committee's call for written evidence
The Committee invites written submissions addressing the following points:
- What has been the collective impact on different generations of policies in recent years, including welfare reform and deficit reduction with areas of protected spending?
- To what extent is intergenerational fairness a welfare issue?
- What effects are these changes projected to have over time? Are they sustainable? What have the long-term trends been?
- How does the welfare system interact with other areas of public expenditure and income and wealth in the wider economy, including issues of health, education and housing
- Is the triple-lock necessary to prevent future increases in pensioner poverty?
- What would be the effects of reforming the triple lock and how might the worst of these be mitigated?
- How might other benefits such as Winter Fuel Payments be reformed?
- To what extent will existing policies encouraging work and savings ensure a more sustainable system?
- What are the options for reform?
Submit your evidence to the inquiry by Friday 19 February.
Official Organisation Representative
I’m the official organisation rep for the House of Commons. I do not work for or represent the government. I am politically impartial and cannot comment on government policy. Find out more in DOT's Mission Statement.
MSE has given permission for me to post letting you know about relevant and useful info. You can see my name on the organisations with permission to post list. If you believe I've broken the Forum Rules please report it to forumteam@moneysavingexpert.com. This does NOT imply any form of approval of my organisation by MSE
I’m the official organisation rep for the House of Commons. I do not work for or represent the government. I am politically impartial and cannot comment on government policy. Find out more in DOT's Mission Statement.
MSE has given permission for me to post letting you know about relevant and useful info. You can see my name on the organisations with permission to post list. If you believe I've broken the Forum Rules please report it to forumteam@moneysavingexpert.com. This does NOT imply any form of approval of my organisation by MSE
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Comments
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Hmm. Looks like they're building evidence to justify the decision I heard about today* that's already been taken to get rid of AA.
Odd way round to do it.
*It wasn't from the most reputable of sources (benefits and work), but that and this post do seem to relate.Unless I say otherwise 'you' means the general you not you specifically.0 -
Definitely think they should be screwing pensioners more than they are right now.
Don't see why I should be paying for pensioners when the same level of protection of earnings won't exist when I am old. Although I seriously hope to be dead long before I become a pensioner, which will probably be 80's or so for my generation.0 -
Definitely think they should be screwing pensioners more than they are right now.
Don't see why I should be paying for pensioners when the same level of protection of earnings won't exist when I am old. Although I seriously hope to be dead long before I become a pensioner, which will probably be 80's or so for my generation.
What a charming person you appear to be.
Screwed in what way, as you do realise that pensioners also pay tax , having the same tax free allowance as you ?
As AA is mentioned above, are you suggesting that anyone over 65 do not deserve any help because of disability, which can be more severe than that of a younger person ?0 -
I don't understand why a lot of people treat pensioners as if they were a different species. Unless the former are unlucky they will be pensioners one day:)0
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pensioners get singled out because under the present government, and if I'm honest, long before that, they were and are treated differently.
no one wants pensioners to struggle, but currently, it is ok to see the sick and disabled punished, while pensioners sit pretty. many had the opportunity to buy cheap and save... something which many workers today can't afford to do.
as far as AA is concerned ....
i think it is likely that they will look at what is a disability and what is part of the natural raging process.
even though it makes no difference to the amount of support that is needed0 -
pensioners get singled out because under the present government, and if I'm honest, long before that, they were and are treated differently.
no one wants pensioners to struggle, but currently, it is ok to see the sick and disabled punished, while pensioners sit pretty. many had the opportunity to buy cheap and save... something which many workers today can't afford to do.
as far as AA is concerned ....
i think it is likely that they will look at what is a disability and what is part of the natural raging process.
even though it makes no difference to the amount of support that is needed
Sorry that's rubbish, I have young people in my family and all of them are employed (none with Uni Educations) all of them able to save and all on the housing ladder, yet my Dad the pensioner you say is now sitting pretty worked 3 jobs, 16 hours a week 6 days a week to feed and clothe his family, with none of the benefits todays workers get, no in work benefits, no tax credits nothing apart from family allowance. He didn't 'buy cheap and save' he lived in council house and still lives in a housing association house, in fact coming from a working class background none of my family were able to buy cheap or not, I was the first one in my family ever to buy.
I myself with a pensioner husband and 5 1/2 years left before I get mine had EXACTLY the same problems facing todays young, having to save whilst paying rent, having to rent in another area of London then the one I was born in, where my family and friends lived as I was priced out then priced out AGAIN when I came to buy. And then in the 90s nearly losing my home due to both my Husband and myself being made redundant at the same time and me having to take part time low paid work while my Husband had to study for new career, where were my in work benefits?, where were my tax credits? we had to cash in savings plans at a loss to enable us to keep paying the mortgage,
You DO realise that many pensioners are also sick and disabled, like my Dad who worked for 70 years who needs a hip replacement that has been put on hold whilst his heart condition is being sorted, just as disabled as many working age disabled people, yet because he has a state pension income, he is not perceived as a disabled person needing help and support but a pensioner who is 'sitting pretty'.
I for one have no problem with that fact that sick and disabled working age people need help and support, totally agree that the benefit system lets them down, even though through no fault of their own they have not been able to pay into the system, you on the other hand have said time and time again how you begrudge pensioners like my Dad and my Husband everything they get even though both paid into the system all their working lives0 -
pensioners get singled out because under the present government, and if I'm honest, long before that, they were and are treated differently.
no one wants pensioners to struggle, but currently, it is ok to see the sick and disabled punished, while pensioners sit pretty. many had the opportunity to buy cheap and save... something which many workers today can't afford to do.
as far as AA is concerned ....
i think it is likely that they will look at what is a disability and what is part of the natural raging process.
even though it makes no difference to the amount of support that is needed
Pensioners who 'bought cheap', had mortgage rates of 15% to pay and the price of houses was in proportion to the much lower wages, earned back then.
Also, owning a house is not necessarily a great advantage, as one could be asset rich but have an income not exactly poor but not far above the level where others would get benefits. No housing benefit is paid to these house owners and they don't get free dental care etc.
The 'advantage' is also lost completely, if they need care, as the house if forfeited.
Pensioners, who were 65 after April 2013 (?) do not have the extra tax allowance, either.0 -
Pensioners who 'bought cheap', had mortgage rates of 15% to pay and the price of houses was in proportion to the much lower wages, earned back then.
Also, owning a house is not necessarily a great advantage, as one could be asset rich but have an income not exactly poor but not far above the level where others would get benefits. No housing benefit is paid to these house owners and they don't get free dental care etc.
The 'advantage' is also lost completely, if they need care, as the house if forfeited.
Pensioners, who were 65 after April 2013 (?) do not have the extra tax allowance, either.
[/QUOTE]
Oh I wondered why my Husbands tax allowance is only 10k0 -
pensioners get singled out because under the present government, and if I'm honest, long before that, they were and are treated differently.
no one wants pensioners to struggle, but currently, it is ok to see the sick and disabled punished, while pensioners sit pretty. many had the opportunity to buy cheap and save... something which many workers today can't afford to do.
as far as AA is concerned ....
i think it is likely that they will look at what is a disability and what is part of the natural raging process.
even though it makes no difference to the amount of support that is needed
There was precious little "buying cheap" in Greater London in the 70s!0 -
missbiggles1 wrote: »There was precious little "buying cheap" in Greater London in the 70s!
Yes that's true, couldn't even afford to rent in Wimbledon where I grew up in 1972 when I got married, even in the 80s when we were renting in Clapham Junction, we were priced out of buying there by people who could not afford to live in Battersea proper, as they were priced out by people who couldn't afford to live in Chelsea0
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