Film, Media & TV0 min ago
Sunak and Hunt.
Rishi and Jeremy Have taken a pair of bolt cutters to the triple lock rise for State pensioners.By giving them a £692 a year rise for Basic pension with one hand, and taking back £530 with the other hand in Tax. Due to freezing the tax threshold. Hunt could come up with this one.
Answers
It is a baffling assertion by the OP: while it's easy to quantify the rises in the state pensions, the tax people pay depends on their circumstances, so I am also at a loss to see where £530 comes from.
And as I said earlier, the "triple lock" only guarantees a minimum increase of 2.5% but in reality wages and inflation have been rising higher so I am struggling to see, much as I am loathe to bat for the Tories, how this is uinderminnig it. It was a pretty healthy rise. Not seeing where the huge percentage in extra tax comes from in direct relation.
My private pension will be reduced because the tax threshold is staying the same. Mrs Clarion is not affected as she doesnt have a private pension.
With my state pension, private pension and Mrs Clarions' state pension, our total income is £21k.
Because of my private pension, neither of us qualifies for Pension Credit. Our total income is massively below the average wage.
We have paid taxes all of our lives, not just on salaries, but on lots of other items and services, and we continue to do that. Apart from Child Benefit, we have never claimed any state benefits.
I just get the impression that some people feel I should be grateful in some way, akin to someone having a job, being paid a pittance, treated like manure and be thankful for all of that.
The rise in the state pension will be easily swallowed up by other increases generally. Every week we are being told about coming shortages for some product or other and this will mean a rise in prices.
The euphoria last week about the drop in inflation was just a blind and meaningless to most of us. It means less costs for businesses, as Soonaxed said, but he didn't say those reductions would be passed on to the consumer.
All in all, it's give with one hand, take back with the other.
This is probably Gulliver's source;
https:/
As I said right up top the only people really hit are those with mega pensions that make them pay higher rate tax and as a good socialist I would have thought Mr Gullver1 would have approved wholeheartedly.
Mind you as someone who obviously reads the Daly excess one has to wonder where his allegenies really lie. I reckon h'e a closet Tory!
Thank you gulliver1, for giving me BA. My answer is the actual situation for me and my wife. The answers from other users, posted after mine, have totally ignored my post and just want to focus on ridiculing gulliver, and where the info is coming from. My info is fact. It applies to me. It's happening now. It probably applies to lots of others too.
No 10ClarionSt, other answers are not trying to ridicule gulliver1 as you put it but trying to get him to answer how he has come by these figures. He puts these posts on nearly every day and very rarely will he then answer any question put to him and it is usually him that ridicules others by coming out with a sarky comment rather than giving an answer.