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Triple Lock Becomes Double Lock For 1 Year
Comments
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MSE_Petar said:Hi everyone,
We've just published a news story about this which you can read at the link below:
State pension 'triple lock' suspended for a year
Many thanks,
MSE Petar2 -
GunJack said:Deleted_User said:Thrugelmir said:Deleted_User said:This has just illustrated that the pledge BS. Remove low income jobs for a year and suddenly you have a jump in average salaries. This pledge made no sense when it was first introduced under Blair/Brown and hasn’t stopped being nonsensical when repeated at a later date.3
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Deleted_User said:Thrugelmir said:Deleted_User said:This has just illustrated that the pledge BS. Remove low income jobs for a year and suddenly you have a jump in average salaries. This pledge made no sense when it was first introduced under Blair/Brown and hasn’t stopped being nonsensical when repeated at a later date.
Given that relative poverty is set at 60% of median wages, trying to get things back to the 70s level from the lower level when the policy was introduced seems like a credible policy choice.6 -
Dale72 said:2 election pledges gone in 1 day, can this government get any more useless? Yes would be my guess.
Meanwhile I'm continuing to withdraw money from my pension pots as fast as my whole basic rate band will allow, because my confidence that basic rate won't increase within a few years in a different government is low. Not spend, just withdraw and reinvest in other tax wrappers like ISA and VCT.pensionpawn said:The majority of the burden (in my family) of this NI hike will fall on my three young adult daughters early in their careers.
Personally I'd rather see some split between NI to cover the younger ages portion and inheritance taxation for the older bit, since you can't spend money when you're dead already and it's one of the least painful taxes for the money owners that there can be.4 -
Deleted_User said:Thrugelmir said:Deleted_User said:This has just illustrated that the pledge BS. Remove low income jobs for a year and suddenly you have a jump in average salaries. This pledge made no sense when it was first introduced under Blair/Brown and hasn’t stopped being nonsensical when repeated at a later date.1
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cfw1994 said:Dale72 said:2 election pledges gone in 1 day, can this government get any more useless? Yes would be my guess.
Did anyone seriously think things wouldn't need to change after this crazy 18 months?
Most opponents appear to think things don't go far enough.
Presumably you feel they should have kept the triple lock and not raise further funds to help pay for the pandemic?0 -
Dale72 said:cfw1994 said:Dale72 said:2 election pledges gone in 1 day, can this government get any more useless? Yes would be my guess.
Did anyone seriously think things wouldn't need to change after this crazy 18 months?
Most opponents appear to think things don't go far enough.
Presumably you feel they should have kept the triple lock and not raise further funds to help pay for the pandemic?
Somehow, over the years, "The State pension will pay for everything you need" has Chinese whispered into: "The State pension will pay for everything you want".7 -
MX5huggy said:Thrugelmir said:MX5huggy said:They got one thing right today then.
What will this cost me on my SP to be taken in 2050?1 -
Thrugelmir said:Deleted_User said:Thrugelmir said:Deleted_User said:This has just illustrated that the pledge BS. Remove low income jobs for a year and suddenly you have a jump in average salaries. This pledge made no sense when it was first introduced under Blair/Brown and hasn’t stopped being nonsensical when repeated at a later date.1
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jamesd said:Deleted_User said:Thrugelmir said:Deleted_User said:This has just illustrated that the pledge BS. Remove low income jobs for a year and suddenly you have a jump in average salaries. This pledge made no sense when it was first introduced under Blair/Brown and hasn’t stopped being nonsensical when repeated at a later date.
Given that relative poverty is set at 60% of median wages, trying to get things back to the 70s level from the lower level when the policy was introduced seems like a credible policy choice.Making people think that more and more oldies would be able to live swimmingly on the backs of fewer and fewer working age taxpayers is unhelpful. It deceives them and translates into relying less on yourself. The objective for the state should be to provide a safety net, and safety net grows with inflation.2
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