Snowy wrote:
PTID wrote:
Apparently Starmer is off to cosy up to the EU by giving Ukraine an extra £1bn a year support.
So far we've spent or have committed nearly £22bn up to 30/31.
Meanwhile the EU collective 27 states have committed about £170bn.
Considering that Ukraine neighbours a few EU countries and the 27:1 ratio that seems a bit lopsided to me.
How the feck can we afford this - oh yes, higher taxes. Has he got a mandate for this or is it political posturing?
I see Tony Blair has popped up with a suggestion from his ‘think tank’ that the state pension should be abolished and replaced with a ‘Lifetime Fund’ which would also require a further five years work before receiving it.
Funny how ex PM’s used to retire with a bit of dignity and disappear, but it seems Tony has his cabinet in the shed pontificating as though he’s still in charge…what are pensioners supposed to live on…the pension was paid into by workers and h3 wants to replac3 it with somethin* tha5. Sounds like a charity for the needy…doubt the ‘State Pension’ will ever be a problem for him.
Tony Blair still has a huge influence in the Labour Party, when suggestions like this come up they turn into reality in some shape or form. All parties realise we are living to long that’s why the retirement age keeps going up hoping we might pass away before reaching pension age.
The UK state pension is primarily funded on a "pay-as-you-go" (PAYG) basis, meaning current National Insurance contributions (NICs) from workers and employers pay for the pensions of current retirees. It is an unfunded system, meaning no massive pot of assets is set aside for future liabilities; instead, it relies on tax revenues and ongoing contributions