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 […]
Posts Tagged ‘Pension reform’
Simplicity of state pensions is not the issue: it’s how much and when that matters
Jan 15th, 2013 by Michael Meacher.
Pension reforms – inefficient, unfair, a disincentive to save, deflationary and wrong
Mar 10th, 2011 by Richard Murphy.As economists we are opposed to the public sector pension reforms proposed by this government and Lord Hutton. Public sector pensions are far more efficient than private pensions. The net cost of paying public sector pensions in 2009/10 was a little under £4 billion. The cost of providing tax relief to the one per cent […]
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John Hutton: Tory fig-leaf
Mar 10th, 2011 by Owen Jones.Today, a report commissioned by one of the most radical right-wing governments in modern British history is being published. It recommends slashing the pensions of six million public sector workers while forcing them to contribute more and retire later. It sums up the Government’s whole approach to the economic crisis that erupted three years ago. The pillars […]
