Pensioners could save this Government

For all these years of austerity HMG has been trying to get everyone to spend spend spend to get us out of the mess. But folk have no money and don't want to get in debt even if interest rates are low. They have a pensions crisis but no one wants to save because they he be no money and rates are abysmal. Yet all this is upside down. Now HMG wants to borrow money to start building. Great, good idea, but why not help poor pensioners out and get your money cheaply, how you ask. Set up special pensioner bonds offering reasonable interest rates to over 55s. They will buy in as now we get virtually nothing on our savings (less tax!).  Then with this money they can build the houses and railways etc.

What Pension Crisis?

I've said it before there is NO Pension crisis - its all smoke and mirrors. Engineered by the Government to squeeze us to pay off their incompetence. At last with Pensioner Bonds they are attempting to help out the beleaguered savers. In the end we cannot borrow our way out of the crisis. While the Bankers continue to make loads-of-money we are suffering.

If Gordon Brown had not raped the Pension funds in the last Government there would be plenty in the pot to finance industry and pay the pensioners but he's spent our nest egg.

Do I have to explain again how it works.

Let people have a level playing field for their pension savings. The money saved is used now to finance "things" later you will draw your pension. Don't worry unless they raid it again.

At least this is a good idea - long time coming. Next we need to regulate the charges that are levied and the rates of annuities that are paid should be kept within realistic ranges. Not to make Bankers FAT!

It IS A fiasco

Thank you Chancellor for raising the Limit on ISAs to £15k and amalgamating Cash and Stocks & Shares Isas into the allowance, Wonder why he's raised the allowance? Well currying favour with the Grey Vote - too little too late. Savings are the lowest for along time. Why save when your money is losing value all the time, interest rates are pathetic. Tax on very lkittle is very little so he's not losing much at all.

If you wonder why people don't take up ISA's then its because

1. Interest rates are pathetic Interest on £5k or interest on £15 ? well 3 x 0 = 0
2. Banks con you - attractive rate for first year then plummets to nothing - do they tell you - well in the small print but hope by next year you've forgaotten
3. Banks con you - various restirictions - can't move from one ISA to another, no transfers in, penalties for withrawals etc.
4. Ordinary Peopl e are poor - they need their money to live. 
5. If you've more than£15k put it somewhere else 

Bet sCameron and co don't bother!

I could mention similar things about pensions - another day. 

This country has been hurt by low interest rates. Saving is the life blood - spend only when you can afford it, borrowing is what got us in this mess. If Osborne upped the savings rates in say National Savings then he'd rake in money which he could use to start the economy moving. That's the way it used to be. If everybody's borroing then where does the money actuyally come from?

Energy Price Hike - what should Dave do?

Now we are being hit, just when the winter begins. Last winter was bad enough I guess our bills went up by around 15% because of the cold.

On my bill there is approximately 15% that is Tax. 5% is VAT the rest is the Social Payment! That is what they pay to the Windfarm Gold Miners.

OBSCENE. Pensioners and people on beneits are Taxed to make greedy landowners ever RICHER. Robbing the poor to make the rich richer,


Have I mentioned the MILLIONS that the Windfarm owners GENERATE in income?

LOOK

4 x Turbines producing 10MWh

Even at 30% efficiency over 25 years they GENERATE 
£61 million!!

Not to mention if they're in the wrong place and can't export their power the owners get even MORE in CONSTRAINT payments.

Appallingly obscene.

WE'RE Paying for this. Write to your MP to get it stopped.

Total MWh of Farm	Percentage Efficiency	Total annual MWh produced	ROC price	Wholesale Electricity price	Total annual income	25year income
			44	50
10	1	87600	£3,854,400.00	£4,380,000.00	£8,234,400.00	£205,860,000.00
10	0.5	43800	£1,927,200.00	£2,190,000.00	£4,117,200.00	£102,930,000.00
10	0.3	26280	£1,156,320.00	£1,314,000.00	£2,470,320.00	£61,758,000.00
2.6	0.3	6832.8	£300,643.20	£341,640.00	£642,283.20	£16,057,080.00

Make the Unemployed do something

2 things here.

1. Why make folk forever - till they drop - when there are folk (younger) who need jobs?
2. People can't be beaten in to getting jobs.

If the long term unemployed genuinely can't get jobs look into why?

1. Help older folk retire and give their job to the unemployed
2. Maybe they need training/educating?

We are told often enough that there is a shortage of skilled people so TRAIN them.

It starts in schools  - too many young folk end up as NEETS. We need to stop this else we end up funding them in a life on the dole.

Set up some training for them. I remember years ago I was unemployed and got on a Manpower Services 30 week course, got paid a reasonable allowance and expenses and trained in Computer Programming. Started a new career and still doing it.

It can be set up with Companies, they train you, they help you look for a job.

I certainly don't agree with a "life on the dole", but more carrots (with strings).

Maybe the MPs could do with more "helpers" - that would save money then they wouldn't have to"employ" their families!

Scam and conspiracy

Yep - Scameron and the osBorne Conspiracy have done it again with this disasterous budget.

Yes £10k before Tax is to be applauded but that's all.

Nowt for married couples. They just gave back thousands to folk on over £150k - poor souls. 

1p back on beer and no duty rise on Petrol/diesel. So its less expensive to go to the Pub!

What about those crippled by rising costs of Gas and Electricity? £1500 a year average whatever your income. At least 10% of that is tax and it hits the low earners (I include all income, e.g. pensioners) hardest. If you keep your use to a minimum and you'r on £5k a year 5% VAT hits you hardest especially as Tariffs are highest at the bottom end.

Biliionaire Osborne and co just don't get it.

You can choose to drink beer and use your car. So do you turn the heating off?

Why doesn't everyone pay TAX? Even those on benefits - ITS INCOME!
Look you can have £10 k tax free isn't that enough to live on? Those on £20k benefits pay tax. After all I earn over £20k and then everything I spend is after TAX - seems fair to me.

Truth – civil service don’t have a pension scheme

Why is the Government so concerned about Public Sector pensions? The truth is because you may not realise that there is no such thing as a Public Sector Pensions Scheme!


Really - yes.


Because  a long time ago the Government (not this one) decided that they would pay Civil Servants (Policemen, @Health workers, Teachers etc.) from the Treasury (yes out taxes). They pay a Pension contribution but basically it is a Tax and goes to the Treasury, not like every body else into a Pension Scheme (a pot that is invested like a savings scheme) and this includes Local Government workers who DO have a Pensions scheme which incidentally is in Surplus at the moment and can meet all its pensioners needs for the next few years.


What the Government thought was that all the Civil Servants would be paying in their contributions and this would exceed what they had to pay out in pensions. It did but now there are i) more pensioners than those paying in, and ii) thanks to Labour who have doubled the number of Public servants, even more pensioners in the future who they've got to pay.


So basically it wasn't even Gordon Brown's fault. Just a gamble a long time ago that has gone wrong.


Solution? Like the Bank Bailout - the Government should immediately setup a REAL pension fund for Public Servants - a one off sacrifice, and then keep all contributions going into it and all pensions paid out of it. Then get the Trustees to manage it.


Of course they will have to ensure that the Bankers (who will look after the money) don't rip us off again but hey do we trust Politicians?