Chancellor Rishi Sunak hints at ruling out 8% pension rise

Goldwing1

hugheskevi said:

Out of idle curiosity, I charted what the Basic State Pension would have been had it increased in line with various indices since 2000.

Prior to 2000, it was increased by RPI for a long time (from the early 1980s), with only a slightly larger increase in a single year (an extra 50p to compensate for VAT being added to fuel).

I don't know where you get your numbers from. My wife will receive the maximum state pension in a couple of years time. She is projected to receive £179. That's some way short of your chart.

hugheskevi

Goldwing1 said:

I don't know where you get your numbers from. My wife will receive the maximum state pension in a couple of years time. She is projected to receive £179. That's some way short of your chart.

Look at the axis label "Index number, 2000=100" - it is not in £s.

RPI, CPI and Earnings are ONS.

molerat

mark55man said:

now I think that the UK pension is low, but equally the UK pensioner gets quite a lot for free that some of the other countries have to pay for.    

What do pensioners get for free ?

steampowered

The top ranks of the Conservative party are complete charlatans at the moment. They go into an election making a big promise to pensioners, make a big song and dance about it, put it front and centre of their manifesto.

Now, as soon as it becomes a bit convenient, they change their minds!

The triple lock was always a stupid policy, a situation like this was easily foreseeable, but if you decide to promise it to the nation then you should stick with it !!!! 

Literally cannot trust a word they say. Mind you, if people keep voting for them despite the constant lies, that's a pretty clear signal that the public do not care whether their politicians follow through or not.

I honestly do not understand how anyone can vote for these jokers.

Dazed_and_C0nfused

Winger Fuel Payment

Christmas Bonus
Bus pass
Eye test
Prescriptions

steampowered

aardvaak said:

Pensioners have suffered a decrease in income during the pandemic and deserve the increase they can not work and have no other means of support

Sorry but pensioners had their entire working life to plan for retirement. Decades to contribute into a private pension or build up investments.

If they failed to do I have zero sympathy with complaining that the state pension is a bit low - it's enough to live on, and that's all it should be.

QrizB

molerat said:

mark55man said:

now I think that the UK pension is low, but equally the UK pensioner gets quite a lot for free that some of the other countries have to pay for.    

What do pensioners get for free ?

Here's a list Which? compiled:

https://www.which.co.uk/money/pensions-and-retirement/youre-retired-working-on-benefits-equity-release/perks-and-benefits-of-being-retired-an9sq6p4gjbf

mat1964

a situation like this was easily foreseeable, 


I honestly do not understand how anyone can vote for these jokers.

Yup a global pandemic which has created a unique situation where average earnings will be technically 8% was easily foreseeable.

As for the last comment, if you think voting for Corbyn led Labour would have been beneficial for Pensions or anything else, then I think I would be disagreeing.  Higher rate tax relief would have already gone for a start.

Andy_L

Dazed_and_C0nfused said:

Winger Fuel Payment

Christmas Bonus
Bus pass
Eye test
Prescriptions

Not paying NI

Dazed_and_C0nfused

Andy_L said:

Dazed_and_C0nfused said:

Winger Fuel Payment

Christmas Bonus
Bus pass
Eye test
Prescriptions

Not paying NI

Good point!  Probably worth more than all the others for some