Waspi women

Pamela do you believe that it's a straight comparison?
Either a huge injustice is put right or landlords save on CGT.
A bit simplistic don't you think? As growstuff has explained, managing the economy is not the same as balancing the household budget. The £58 bn would be a boost to the economy, not a drain on it.

Yehbutnobut The post WW2 government understood Keynes.

Japan currently has a national debt greater than its GDP, but it's not "bankrupt".

No Pamela he would get the money from the Bank of England. Most of it would be returned to the Treasury through taxation on the money itself as it's spent.

After WW2 the Labour Government announced a huge programme of regeneration and rebuilding and introduced the NHS to shouts of ‘we will be bankrupted’ ‘how will we pay for this?’

Well, we weren’t (bankrupted) and we did (pay for it)

So much so that a MacMillan was able to boast, on the back of this that ‘we never had it so good’.

BTW I am also a waspi woman.

What do people think has happened to the money which would have been paid, if the state pension age hadn't been raised? The country hasn't become richer because less is being paid out in pensions than otherwise have been the case.

In the long term, if people had better pensions and buying btl properties became less attractive, more property would be available for people at more affordable rates at the bottom of the property ladder.

I had to wait until 65 for my pension but I very much doubt that we'll see much in the way of compensation. I live in hope, though!

mcem - so hard to type that. My spellcheck wants to call you McEnroe!
It was really in answer to The question asked earlier. Where will he get the money?
Well from me and oldgimmer and many like us.

(A bit like increasingly desperate bribes around 40 new hospitals - to name but one!)

Most people don't understand economics.

Genuine question to Pamela and oldgimmer.
How does the fact that you are landlords impact on the waspi injustice? Or alternatively- how will waspi women suffer/benefit from that fact?

IF it happens, the people who will receive it will spend the money on goods and services which will be taxed and go straight back to the Treasury. If they save it, the money will be available for others to borrow to fund various projects.

Tax redistributes money. It doesn't remove it from the economy.

It’s just another bribe from an increasingly desperate Labour Party.
What won’t they promise to get through the doors of number 10?
Most people see through it.

Pamela I'm a landlord too.

I get where you're coming from

It's impossible to bankrupt a country which produces its own currency.

Jeremy Corbyn is a man of principle, so he wouldn't have made this promise if he couldn't follow through with it. I agree labour are intending to spend a great deal but it's all been costed and is in their manifesto. I don't know the details of the WASPI women's (of which I am one) pay out but I'm confident it will happen should the people of Great Britain come to their senses and put Jeremy into No 10.

Also Independent and Mirror. Let's see if Andrew Marr covers it.

Unfortunately Labour haven't a clue?

McDonell will bankrupt us in a week!

I actually agree with most of his proposals but he needs to get real.

It will pay the increase in capital gains that we will have to pay if we sell our buy to let property! The one we bought because neither of us had a work pension.

Tooting does that answer your question?

Same here, I was lucky to be born before the WASPI cut off date. I fully support their cause and applaud McDonnell's pledge. I just hope it can be carried out if/when they come to power.

Twitter pointing to articles in Guardian and Observer.
Average pay out of approx £15k up to a maximum of £31k.
"A debt of honour".

I doubt it will ever happen, and if it does I imagine it will those facing the most hardship.

Very positive and just in theory but I also wonder where the money will come from. Promises without funding clarity are a worry.

I'm lucky enough to have been born before the cut off point, so I got my state pension at 60. I have loved ones who retired in their 50's because of health problems, safe in the knowledge their state pension would soon be arriving. Nope -wait till 64 or 66. How are they supposed to pay the basic bills?
Yes, I'd be pleased to see the Waspi women compensated.

I

Just wonder where the money will come from