Corbyn to borrow £58 billion to repay WASPI woman.

I'm a Waspi woman - born in 1954. I get my state pension next year a few weeks before my 66th birthday. I too calculate that I have been robbed of approximately £40k. Jeremy Corbyn is right when he said it was a travesty the way we have been treated but the fact is there is no money. There is no magic money tree and if we're all compensated then someone else suffers. I've waited 5+ years for my state pension, another 8 months won't matter.

WhitewaveMark2 We work to pay taxes. People have paid taxes for over two thousand years and we pay LESS in this country than other Western countries. The Tories starved Britain, four million children are living in poverty and it will be 6 miliuons in 12 months. This is DIRECTLY because we are not spending enough money on welfare and public services! Britain is now the Capital of the Greedy with an increasing wealth gap. That is a sign of a failing Government.
If we want to call ourselves civilised we must Tax more and people should be proud to be paying tax. When hard working families working three jobs cannot afford food in Britain 2019 something is going very wrong. We have Govt caused poverty now, a poverty people can never escape from. The harder they work the more their landlords wants, council tax & fuel rises, there's nothing left for food.
Ask teachers who have to bring food to schools to feed children, some from middle class "areas". Every section of society is being touched by this terrible austerity.
Things will become much more expensive after we leave the EU, meat, cheese etc will rise 35%, three quarters of the country will be in poverty!

We can't afford brexit as a country. Johnson knows that & why his Health Secretary ordered millions of body bags in place of increasing public spending. The public cannot "create" money to exist because a Government sees them as unimportant in the economy. The people ARE the economy. If taxes are not raised very soon then we can say goodbye to Britain and many young lives.

Well said oodles

growstuff I have read that the compensation money that Labour have said they would pay to 60-66 year old Waspi women would be X amount (thousands) minus those women's income during those years. Example, wages, benefits, etc.
I may have read it on here yesterday, Corbyn to borrow £58 billion to repay WASPI woman. but not sure.
I'm a Waspi born December 1954.

Far more has to be spent on public services as we are heading to be a very uncivilised nation. Much much more. Why is no one asking WHERE this Govt has wasted trillions in the last few years? It's not on public services.

The last Labour Govt in 2010 left billions in debt but HAD SOMETHING TO SHOW FOR IT. This Tory Govt is leaving Trillions of debt, and nothing to show for it.

The Tories came into power after the bankers crash. We as tax payers had to pay £1.3 TRILLION to bail out the banks after that shocking risk taking.
Cameron encouraged those (out of work) bankers to sit as Tory candidates, many won seats & got him into power (we can name many in the cabinet) and the first thing these BANKERS do is create AUSTERITY on the poorest of Britain to pay back the debt they, the bankers crreated.
The problems we have now goes right back to what happened to our banks in the late 00s. They collapsed big banks, many lost their saving, businesses, these bankers were GAMBLING with our money.
These are some of the most priviledged of Britain, why they never actually went to prison like any other criminal who would do the same. They feel entitled to do as they like with our money and getting brexit gives them even MORE power. They do have plans to sell off the NHS (the Americans are excited by it) and in time will want to complusory buy our properties. Back to the Middle Ages with this lot. We have never been in so much danger from a Tory Government.

I heard nothing, and am missing out because my husband left me and his or soon was going to be our pension. Had I known it would be 66 might have retrained tbh. Maybe had men and women been equalised at say 63 that would have been the fairest thing. One thing society will miss out on is the many 60 year old women who would have volunteered in hospitals etc, look at how much is done by volunteers in hospitals. Also aged parents, I've only managed to support mine because of working part time. After years of working, childrearing, husband skivvying, caring for parents and having physical weaknesses I'm knackered. Husband went out many evenings, many weekends, I didn't, suspect it is similar for many women, while he was off I was doing household and garden tasks, no chance to sit and relax or go off and do things for myself, so I think many men are not as knackered as women as their non work time has been leisure time but ours hasn't been. Even holidays, who prepared and packed and unpacked at the end of it all, all my husband had to do was go, maybe pack a few pairs of pants. He never bought clothes even. Even once the children were old enough to leave in their own, I'd have to sort out food and even leave enough money for the milkman. I might not have fully retired but it would have been great to cut back

Well said Growstuff, but folk don’t like facts...

We can't let Labour increase public spending to the average for western European countries, because then Britain would descend into the sort of chaos seen in Sweden, Germany and Switzerland

I agree pinkquartz - looking around at the obesity problems that so many seem to have, the associated health damage, and inactive lifestyles, I can't see a younger generation living as long as their parents. I believe this has already been documented. We can all see really huge young women trailing fat children around - how will their lives develop?

I worked for 45 years as a carer. I earned too little to pay the stamp, could only afford injury stamp. I also brought up four children. I get no pension at all except the married woman’s pension.

There are about 170,000 women affected because they genuinely didn't know the new pension age affected them. No union, worse their employers didn't tell them. They wwere allowed tp go on thinking they could retire at 60, probably some employers wanted to replace with younger staff.
What has happened is women who DID know, who had Unions, who had employers who kept them informed are now saying THEY want back pay too. Women who worked until 65, many in desk jobs, even as ex Prime Minister can claim back pay. They never suffered poverty due to years of no or a little occupation pension. This is wrong.
The Govt has never been competent when working out pensions for women as some might remember in the late 90s Baroness Altmann discovered that retired women over 60 were paying 20% tax on their tiny pensions! This was before the age was raised. Gordon Brown, after years denying it was happening finally recognised the error and gave a donation to to two Old Age charities.
Many of these Waspi women are single, part of the reason why they were missing out on information. The "warning" about increase in age was on the news, in budgets, newspapers, women too busy to check the media. Their employers DID know but for some odd reason did not tell them.
Some of these women are selling their homes as they have to find an income to live on. The Govt relies on Unions & employers to inform the public of pension changes, but it didn't happen in these 170.000

pinkquartz Thu 28-Nov-19 13:16:55
I agree

Growstuff.
The Blair government you illustrate was a centerist administration and far removed from current Labour policies.
It left the Tories with a big debt problem and is irrelevant to current issues, Brexit is sailing into uncharted waters.

The anticipated rise in the age of mortality is not going to happen.

People now are much weaker than the elderly who grew up in another time. Not consuming chemicals and not having the NHS in childhood.
No antibiotics for them.
Survival of the fittest.

We can keep people alive but we can't make them healthy.

Pensions will have to be funded in a different way or more troubles lie ahead.

GranniePauline,
Cancelling Trident would mean hundreds of people unemployed with debt, bankruptcy, increased pressure on social services, NHS. Everybody working on Trident contributes to the economy, by taxation and general spending (which is also taxed).
I agree it should never have been started. What is really wicked is the amount of materials that are being sourced abroad.
HS3 is another dubious project. It's going to cost more to travel by train than by air...

Well said MazieD!

All this concentration on waspi women hides 2 issues not being faced by anyone.

The first is that women at all stages, the past, the present and the planned future, men benefit less from the pension system because of their earlier mortality. That's the tin hat bit out of the way.

The second issue, which is far more serious and is being ignored by our cowardly government, is that the proposed retirement age is not sustainable in the medium to longer-term as it is still anticipated that the age of mortality, despite of a short term hiccup in the current rate, will continue to rise. If that occurs then the retirement age may well need to be around 80 or even 85 within the next 25 years.

Pandering to Waspi women is a cheap, although expensive, bit of politics that the LP should be ashamed of.

Yes let all us waspi’s vote labour at the cost of our Jewish friends - we can all be Judah’s for the bag of 30 silver coins!

It will be means tested.

I dont know how they will calculate the money paid to waspi women. Theres an online calculator somewhere. But I get carers allowance - so if I had got my pension at 60 then that would have stopped (you cant have carers once you get your pension) so I guess there will be some sort of adjustment leaving me with 10p or something!!

It certainly won't....all blunder....it won't happen whoever gets in! I was born November 1954 received 1 letter advising change to 62 and half years then 1 letter to 66 years! Nov 2020 for me. My brother in law born Feb 1954 has received his pension since Feb 2019
How is that fair??

Nannan2 If you go back to our mothers generation women were expected to take on the role of looking after their elderly parents.
These days the elderly are shipped off to old folks homes because their daughters have to work.
If all future women have to work until they are 66 or older then a lot of us will end up in old folks homes.
My mother and her sisters would never have dreamed of putting my grandparents in a home they shared the care of looking after them.
Society has changed and it is now the norm.
I can't see many woman in their 70's being physically able to be carers. Also here is a shortage of suitable elderly homes because people are living longer.
However women wanted equality and this is the result!
By the way it was the rotten EU that demanded that the UK introduce the equalisation of retirement age!

And .... Trident (estimated cost £200 billion and rising!) Cancellation would pay the £60 billions to WASPIs and lots more too!

It's not true that the last Labour govt spent all the money - the note left was a joke - apparently this is a tradition when there's a change of govt. But Cameron pretended he didn't know that and treacherously (and, in Tory terms, you might say unsportingly) claimed it corresponded to reality. The 2008 crisis was caused by the deregulation of the banks, not by spending on our children's education. The system as it is currently run (since Thatcher this tendency has been increasing) works for the benefit of shareholders. By bringing privatised industries back into the public sector, billions will be saved.

Seems to me there was plenty money to be spent on Brexit preparations, Garden bridges and water cannons!