O/T:- ⚠️Impressed with the leadership [The UK Party Politics Thread]

[BigFatPie]

My pension fund did.

Personally think it should really be between 1993-2008 as Ken Clarke got the economy into a very healthy state, which enabled Gordon Brown to carry it on.

Carry it on for 10 years? We’ve just had 4 chancellors in 4 months.

As for your worsening pension fund, I presume that was due in some way to the financial crisis. One of the measures to stop that happening again was the cap on banker’s bonuses. Which Hunt confirmed this morning they’re getting rid of.

[sidders]

At last someone apart from someone with right leaning policies has mentioned covid and the war in Ukraine as being the problem financially, not to mention immigration.

But these were problems for all nations, weren't they? Tell me an advanced economy that has made a bigger pig's ear of it than the UK.
If I was a Tory - as you appear to be - I'd be hiding away at the moment like Suckerman is. They are a bunch of self-serving shysters who have wrecked our standing for years to come. And the full extent of the economic pain has only just begun.

[countygump]

But these were problems for all nations, weren't they? Tell me an advanced economy that has made a bigger pig's ear of it than the UK.
If I was a Tory - as you appear to be - I'd be hiding away at the moment like Suckerman is. They are a bunch of self-serving shysters who have wrecked our standing for years to come. And the full extent of the economic pain has only just begun.

I'm a particular fan of the latest budget, which I am mostly calling the ''Karate Kid'', budget.

Tax on, tax off---Tax on, tax off.

[lunaspie]

I'm a particular fan of the latest budget, which I am mostly calling the ''Karate Kid'', budget.

Tax on, tax off---Tax on, tax off.

Kwarteng certainly got the chop.

[countygump]

Kwarteng certainly got the chop.

Truss's ratings certainly aren't hai, let's hope it isn't the best she kendo.

[lunaspie]

A lot of belts will be tightened this winter.

[lunaspie]

Denis Thatcher reputedly refused every opportunity to Enter the Dragon.

[Ex_Southwell_Magpie]

Carry it on for 10 years? We’ve just had 4 chancellors in 4 months.

As for your worsening pension fund, I presume that was due in some way to the financial crisis. One of the measures to stop that happening again was the cap on banker’s bonuses. Which Hunt confirmed this morning they’re getting rid of.

You’re forgetting his tax raid on pensions in 1997.

[GranthamPie]

You’re forgetting his tax raid on pensions in 1997.

His scrapping of the tax relief on pension dividends ruined final salary schemes and in most cases ended them. I remember George Osborne saying before the 2010 election that the Conservatives promised to “reverse the effects of Gordon Brown’s pensions tax raid”…. guess what… they never did.

Successive Governments have gained about £160 billion as a result.

[countygump]

His scrapping of the tax relief on pension dividends ruined final salary schemes and in most cases ended them. I remember George Osborne saying before the 2010 election that the Conservatives promised to “reverse the effects of Gordon Brown’s pensions tax raid”…. guess what… they never did.

Successive Governments have gained about £160 billion as a result.

Now that's a nice little (@7Bill per annum) earner.


Ros Altmann, a former Downing Street pension adviser, said Labour’s move marked ‘the beginning of the end of the gold standard pension that British workers could rely on from their boss’.

She added: ‘This is money that has come out of people’s pensions. It paved the way for the end of final salary schemes because it made them so much more expensive. They were suddenly unaffordable.’

Since 1997, the number of private sector workers with a defined benefit pension has collapsed from 5million to 1.7million.

https://www.dailymail.co.uk/news/article-2613609/Revealed-Labours-stealth-raid-took-118BILLION-pensions-paving-way-end-final-salary-schemes-suddenly-unaffordable.html

[GranthamPie]

Now that's a nice little (@7Bill per annum) earner.


Ros Altmann, a former Downing Street pension adviser, said Labour’s move marked ‘the beginning of the end of the gold standard pension that British workers could rely on from their boss’.

She added: ‘This is money that has come out of people’s pensions. It paved the way for the end of final salary schemes because it made them so much more expensive. They were suddenly unaffordable.’

Since 1997, the number of private sector workers with a defined benefit pension has collapsed from 5million to 1.7million.


https://www.dailymail.co.uk/news/art...ffordable.html

Yup…my very small final salary Boots pension has become very very small because of “new labour”… a fact that I will never forgive Labour for… and subsequent Tory/Lib coalition Governments tbf.

They screwed us over then… and the continue to screw us over now…. Lab/Con/Lib.

It’s time to think differently and vote for nota.

Vote for Independents, socialist parties and alternative parties… fcuk these establishment careerist and gong collectors… fcuk em all.

[TheBlackHorse]

... the only Gold Standard pension was / is the Civil Service pension ... streets ahead of all other FS schemes. Ros Altmann is a cow of the first order ... what she ACTUALLY knows about pensions could be written on the back of Grantham' fag packet. And yes, I know who she used to work for ...

[GranthamPie]

... the only Gold Standard pension was / is the Civil Service pension ... streets ahead of all other FS schemes. Ros Altmann is a cow of the first order ... what she ACTUALLY knows about pensions could be written on the back of Grantham' fag packet. And yes, I know who she used to work for ...

This ^^^^ and I don’t even smoke.

[Old_pie]

... the only Gold Standard pension was / is the Civil Service pension ... streets ahead of all other FS schemes. Ros Altmann is a cow of the first order ... what she ACTUALLY knows about pensions could be written on the back of Grantham' fag packet. And yes, I know who she used to work for ...

Is that because of or in spite of her PhD for research into pensions?

Or does Grantham smoke packets of 200?

She does seem to have upset you despite whoever wrote her Wiki entry appearing to present a different picture to the one you portray: https://en.wikipedia.org/wiki/Ros_Altmann

[GranthamPie]

Is that because of or in spite of her PhD for research into pensions?

Or does Grantham smoke packets of 200?

She does seem to have upset you despite whoever wrote her Wiki entry appearing to present a different picture to the one you portray: https://en.wikipedia.org/wiki/Ros_Altmann

Someone’s pension is just doing fine…