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Old 04-01-2015, 13:40   #12
Ignitionnet
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Join Date: Jun 2008
Location: Leeds, West Yorkshire
Age: 47
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Re: Retired may be able to sell their pensions.

Quote:
Originally Posted by Escapee View Post
It's very scary when you look at those figures and then take away the figure for those who work directly or indirectly for the state.
Their salaries, etc, are already taken care of by the outgoing side of the ledger, and their taxes by the incoming one.

Deducting them from the ledger entirely is silly as they supply services which carry value in return for their payments from the state.

---------- Post added at 13:40 ---------- Previous post was at 13:39 ----------

Quote:
Originally Posted by Osem View Post
I may trust the Tories with the economy far more than Same Old Labour (not that that's necessarily saying much) but I can't see that this can turn out to be yet another financial disaster to add to all the others. Surely what's required is for people to be encouraged, even forced, to make some form of additional long term provision, not encouraged to cash it in at the very point they're otherwise reliant on the state.
The Long Term Economic Plan is built around the premise of ever-expanding private debt. Always was (see OBR forecasts from 2010 for public and private debt). Sit back and enjoy the ride.
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