Posts under ‘Pensions’

Osborne’s budget giveaway for pensioners: never have so many lambs been so ripe for fleecing

by Michael Meacher.

We are now being presented with yet another almost unbelievable example of how ruthless the Tories are prepared to be in their own interest at the expense of the gullible and vulnerable. Already last year Osborne ruled that 320,000 savers a year with ‘defined contribution’ pensions would no longer have to buy an annuity – […]

Private pension markets are not working

by Michael Meacher.

Thatcher ended the best pension scheme the UK has ever had, and pensions have never recovered from the consequent decline as constant mis-selling scandals continue abundantly to demonstrate. Barbara Castle’s SERPS schme in the 1970s was generous particularly to the low-paid and to women, highly popular, and provided universal protection against poverty in retirement. Thatcher […]

Fast Facts: Gender social inequality and austerity in Europe

by Tom Gill.

Europe’s austerity fetish and longer term neo-liberal reforms promoted by Big Business, Governments and the EU Commission hurt women disproportionately. Here’s a few facts to illustrate the point. Europe wide  The gender pay gap is around 16% It ranges from more than a quarter (27%) in Estonia to around a fiftieth (2%) in Slovenia. The latest figures […]

Let’s tackle future pensioner poverty now

by Fiona Twycross.

My brother-in-law is a builder and turned 60 last year. He is physically fit for his age, I almost bought him a ‘Congratulations you’re 50’ card by mistake. However he is not likely to be able to sustain his highly physical job for another five or six years; certainly not for a decade. When I […]

Has Labour freed itself from fear? It can’t be courageous if it doesn’t

by Richard Murphy.

Even Labour’s own supporters are saying it’s time for them to deliver some policies. I agree. And I’m not asking for the sort of thing that promises a VAT reduction on replacement windows. I’m asking for substance. Substance is a tough ask. The Guardian is interpreting it as relating to economics and of course it does, but only, I’d suggest […]

The disgraces of the UK Coal demise

by Jack Tunmore.

Maybe we shouldn’t be surprised that the demise of UK Coal passed most of the mainstream media by with little comment. There was all that Wimbledon excitement, for a start, and much more importantly the debates that have paved the way for same-sex marriage to become law. Having made history, Westminster is now slipping into […]

The Troika’s ‘Men in Black’ and the crime of organised money

by Tom Gill.

Continuing to force states to finance themselves at high-interest rates is just a strategy to justify wage control, the privatisation of public services and, ultimately, to enslave peoples, says Juan Torres Lopez, Professor of Economics at the University of Seville. Spain has once again received a visit from the so-called Men in Black, the Troika inspectors, coming […]

Universalism and Tory small state ideology

by Ben Folley.

The Tory attack on universal benefits this weekend is part of an ongoing ideological assault on the public sector, dressed up as an attempt to cut the deficit through the destructive austerity program. Iain Duncan Smith’s attempt to play down the story today is clever, but the proposal is out there and the narrative set. […]

Simplicity of state pensions is not the issue: it’s how much and when that matters

by Michael Meacher.

IDS’ side-kick, Steve Webb, unveiled the £144 a week single-rate state pension yesterday, triumphantly noting its simplicity. So which would you have – a simple pension or a decent pension? And £144 a week, less than £7,500 a year, is not a decent pension. It’s a shameful fob-off after a lifetime of working which is […]

The nasty party does its dirty work on the welfare state

by Michael Meacher.

The power of the right-wing media – and the reason why it needs to be cut back to provide a democracy with a framework of balanced reporting – has again been put on show by its persistent fusillade of vilifying propaganda against the jobless and low-paid to assist their Tory government allies in pinning the […]

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