Has Labour crashed the economy ?

[Dbank]

With recent news on GDP and job vacancies, do you think Labour's actions are about to trigger a recession?

The problem with that is instead of claiming their SP, they claim benefits instead, most jobs are not suitable for people to carry on working in beyond much over 65...
You'll also create a situation where the wealthy can and will retire and everyone else cannot.

68 is already too old and whilst the average life expectancy has increased, it is still very variable, in poorer areas, its hardly increased.

I don't know why any hasn't suggested the retired pay NI ? certainly on pensions above a certain amount, say £20k ?

Yes they have crashed the economy

@Nordione1 im sure there will be a legal challenge. A private company is not able to do that. Change the rules if you want, but not for those already retired. That’s stealing.

Unfortunately the government can do what it likes. And NI yoi have paid in yourself is not ringfenced for you. Theres no big pension fund for future penisons. I'm sure if you are retired already though you don't need to worry.

If a private company is insolvent there's not much you could do about it either.

Indeed, the government can do what it likes, regrettably, hence the constantly shifting goalposts for those with personal pensions. But in the event a company is insolvent and still has a defined benefit scheme the PPF steps in and ensure people get (most) of their benefits. But, HMRC/DWP is not a member, so no compensation via that route. For defined contribution schemes an employer becoming insolvent has no effect, other than to the extent it hasn’t handed over contributions. But as it’s required to do this within the 3 weeks of it being deducted from the individual you’d have to be pretty remiss to be impacted by more than a month or two of contributions.

Good info. But my point was that if there's no money there's no money and not a lot you can do. Hopefully there will be some reforms as it's our kids that will bear the huge burden.

Or kill off the shit-loads of old people.

Wonderful if the absent Farage and one of
Putin’s best pals is PM. Don’t be hood winked. There is too much right wing alliance already in Europe.