Labour needing help from IMF according to economists

[CarCostingMe]

Labour may need help from the IMF, economists warn

Headlines like this seem to be popping up more and more. Is there anyone out there who still thinks that benefits don't need to be cut or is everyone now pretty accepting of the fact that big change is coming whether we like it or not.
All welfare benefits need to be cut (inc the triple lock) and the NHS needs made into an insurance based system too.

I have to admit I have started to make loose plans of how I will cope. I'm not on any benefits but I'm due to get my state pension in about 15years and it's fully paid up already. I hope I will still be getting it but am thinking it might be deliberately frozen and eroded in the future so worth less than it currently is.

I am actually ok (ish) with an insurance based health system as this one is not working now and I am fed up with the stress of trying to navigate it/wait for things.
It's not that I want to pay for healthcare but vast parts of it just don't work anymore.

For everyone else (assuming no-one is burying their heads in the sand still) how will you manage. Any tips gratefully received as I have no family to fall back on.

For now my plans are sell house and live in flat to release equity or stay in house and take out equity release (no kids to leave an inheritance to).

If this is not enough have a lodger as well (I will buy a 2 bed flat min). Not ideal but if needs must.
I have private pensions so they will be getting spent carefully and I have to admit I have already started to be very careful with my spending as I feel change is imminent.

I watched an interesting but depressing podcast about how the rest of the world was watching the UK as an example of what not to do (ie we used to be a great nation and now we are paying more to borrow on the bond market than Greece who the IMF bailed out in 2010.

So from your previous posts I recognise that maths is not your strong point but what you are describing is effectively a pyramid scheme.

In order to pay for the pensions of 20 years time you want to increase the population today by immigration (or could be birth rates).

You hope that this additional younger population pays in more taxes than the money they take out - which means everyone of these migrants (or additional population) will need to earn at least £60 to £70k to be a net contributor to the UK tax system.

Then we have the issue that this additional population will themselves get old one day and want a pension. And I presume your suggested solution to this is to further increase immigration / population increase and so on.

We can already see that such an ever increasing population is not sustainable from an infrastructure, housing, healthcare and environmental perspective. But rather than accept this rather obvious reality your response will be that we just need to "tax the rich" more.

At some point whether we wait until we are bankrupt or earlier we have to come up with a plan.
We are over populated. I live in a town in Shropshire. It now resembles Bradford.
They are knocking up houses left ,right and center with absolutely zero plans.
They need to close the borders and slash benefits.

You should be praying reform don't get in. And yes, Labour aren't doing enough. All the money still going to the already wealthy.

I don’t think prayers are going to save Labour…

‘All the money still going to the already wealthy’.

Rightio.