Doodledog
I am far from being a Tory voter, but I feel strongly that I worked for my pension, and rather resent the implication that doing so is somehow ‘right wing’.
Yes, ‘they’ can call it a benefit- they can call it a tortoise for all I care - but the fact that NI is taken compulsorily from all those who work means that it is also an entitlement.
Owen Jones has a good piece in the Guardian today (Thursday) saying that intergenerational conflict benefits nobody, and that young people who push for the scrapping of the triple lock will end up with disadvantage at both ends of their lives, as they too will be old one day. If memory serves he estimates a 40 year old would be looking at a cut of £700 a year (in today’s terms) by the time they claimed their pension.
It is a con to pretend that pensions have anything to do with intergenerational fairness- it would benefit young people far more if the housing market were sorted out, so that they could have a chance to rent at fair rates whilst saving for a house (if that’s what they want to do) instead of forking out most of their salaries to landlords.
Changing the rules around pensions is a low blow, IMO, as people plan as best they can for older age, and it is too late to undo that planning by the time they are no longer working. It is also too late for many (if not most, given the hike in pension age) to earn money to make up the difference between what they expected to get and the changed figure.
That is an excellent summary, Doodle dog. I apologise for the flippant (and angry) "Tory Voters". I don't know if it is possible but I have asked GNHQ to edit it to read "many".
However, I do feel that the NI contribution is far removed from whatever pension is paid from tax. I notice Sunak and other government representatives talking about what the "tax payer can afford" more than ever.
I totally agree that using the Tory culture war and changing existing rules is a "low blow" but sadly not a surprising one. As one Tory MP pointed out the other day (I think on Politics Live), to be a Capitalist you need capital assets. Apparently, if you do not have enough of these tied up and away from government hands, you don't count for much for him or his far right, extreme capitalist, government.