“Double Triple Talk”

Continued from two previous posts.

In making his New Year announcement on maintaining the pension triplelock until 2020, the Prime Minister said it was a choice based on his values – “I want people, when they reach retirement, to know they can have dignity and security in their old age”.

He obviously has not been out much lately.  Certainly not to the NHS with hospitals overflowing with older people.  Nor to Social Services, overwhelmed by demands for domiciliary care they can no longer afford.  Definitely not to the many thousands of isolated older people, lonely and cold in their own homes in the community.

Meanwhile, the very next day, his Chancellor unravels the Prime Minister’s promise by saying that major cuts are still to come in the welfare benefits budget, which will hit the lest well off pensioners hardest.  At the same time, Iain Duncan Smith, the Work and Pensions Secretary, added that he wanted to remove the entitlement to winter fuel allowances, free bus passes and free TV licenses for better off pensioners.

There won’t be quite so much dignity and security left when all this double talk about the triplelock has finished.

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One Response to “Double Triple Talk”

  1. ‘Double Dutch’ by the alleged politicians of our time.
    I have followed the themes in these blogs on future healthcare and welfare for the current O.A.P’s and the next generation of O.A.P, s with interest.
    What concerns me are the options open to the elderly in England today and over the next generation (20 Years), who are on or will be on a pension income.
    The current political climate is I believe trying to encourage the existing UK Working Population (Future O.A.P’s) to think ahead, and supplement one’s state pension old age pension, so that one can live with confidence and relative modest comfort during retirement (Say after 68 Years of age).
    It is a difficult subject to study and project in budgetary terms with respect to expenditure during one’s life expectancy.
    If I were to ponder my next 25 years retirement where would one begin? With statistical data? (That can be based on facts and figures for the projected costs in the UK?)
    1 Housing accommodation for two persons, or one (Partners-sole person). – The upkeep of the mortgage/rent and services for the property such as outside decorating/gardening/estate fees etc?
    2 Downsizing ones property/Moving and legal costs etc.
    3 Heating of the accommodation
    4 Local Council Tax bands and water rates.
    5 Food Costs based upon average dietary needs with a variety of foodstuffs, and of sufficient calorific value to give one sustenance to support an active life.
    6 Communication costs TV Licence, broadband and telephone
    7 One weeks holiday (UK Or equivalent in a modest 3 star hotel)
    8 Insurance costs for household, welfare(Health), travel and funeral arrangements
    9 Replacement of Household white goods and soft furnishings, and other consumables.
    10 House/apartment redecoration-modifications/furniture/new heating system, based on a 5 year cycle.
    11 Weekly costs for frivolous spending-day trips, etc.
    12 Transport costs. Running a car/bike/cycle and the legal/maintenance costs.
    13 Family costs- Keeping in touch/ support for the dependents? If any still at home, or in education.
    What I would wish the statistical data to do, based on current costs, and taking into consideration item 1-13 above is be able to project the following?
    A What is an average national income For an O.A.P./retired person (68 years and over) is expected to be?
    B What are the expected tax bands for income?
    C What is the expected council tax bands/levy for the future?
    D Based on the past 30 years, what are the projected bank rates for the next 20 years?
    E Based on the past 30 years what is the possible projected average insurance/annuity or savings bond payout? Based on a % increase of today’s figure.
    F What is the possible projected average health and welfare costs to an individual over the next 20 years?
    G What would be the projected level of the State Old Age Pension to each individual based on an average National Insurance contributions over 30 years (Applicable to male or female)?
    The above I have tried to equate: However life has chosen the costs for me as of today, and I am thankful that as a younger person myself and my wife were able to buy into a property, which with now downsizing is our offset, Or Assets against the current costs of living: For how long remains to be seen?

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