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Ed Balls and the State Pension

(58 Posts)
whenim64 Mon 10-Jun-13 16:28:22

Dara Unfortunately some benefits are taxed.

https://www.gov.uk/taxable-income/state-benefits-that-are-taxable

glassortwo Mon 10-Jun-13 16:03:56

Just what we expect now a typical balls up!!!!

Dara Mon 10-Jun-13 16:00:42

Stupid remark by someone who could not run the economy capably when Labour was in power. If the state pension is a 'benefit' why is it taxed as my understanding is that benefits are not taxed. If it is an entitlement I challenge anyone at Westminster to can exist on the state pension alone. Its practically impossible. Stingy, callous and stupid.

janthea Mon 10-Jun-13 15:40:51

They have to get in first!

janeainsworth Mon 10-Jun-13 10:50:57

Thanks for the link When
Quote: A spokesman said: “Labour supports the triple lock on the state pension, but as Ed Balls said it would be perverse to exclude overall spending on pensioners and the impact of an ageing society from any sensible and long-term fiscal plan to monitor and control structural social security spending. That’s why we have supported increases in the retirement age as people live longer and why we have also said we would not pay the winter allowance to the richest 5 per cent.”

The triple lock is the pledge that pensions will rise either with inflation, earnings, or 2.5%, whichever is the greater.
How can that be 'capping pensions' ?
Does the right hand know what the left is doing, or do Labour think we are all so dim that we won't notice this little discrepancy?

whenim64 Mon 10-Jun-13 10:37:08

Here's what he has been saying ths weekend:

www.independent.co.uk/news/uk/politics/ed-balls-labour-would-cap-state-pension-if-it-returned-to-power-8651196.html

Movedalot Mon 10-Jun-13 10:33:55

If he has then I think he has shot his party in the foot! We are the voting generation!

sunseeker Mon 10-Jun-13 10:01:22

It has been reported that Ed Balls has said that Labour would cap the state pension if they came to power. UK state pension is already low yet here is a politician who wants to reduce it further.

I think the problem is that the state pension is considered a "benefit" when, in fact, it is an entitlement by virtue of the contract working people had with the government that by paying a set amount every week they would receive free health care and a pension on retirement.