Parliamentary Yearbook 2012: Surely the core problem is that we trust the government (in whatever incarnation) about as much as pension providers.
Will the guaranteed income be inflation proofed? You can promise me a retirment income of, say, £20,000 a year but what if it only buys a loaf of bread by the time I come to retire? I welcome the sentiment about burden sharing and more stability but can get past the trust issue myself.
Will the guaranteed income be inflation proofed? You can promise me a retirment income of, say, £20,000 a year but what if it only buys a loaf of bread by the time I come to retire? I welcome the sentiment about burden sharing and more stability but can get past the trust issue myself.
Parliamentary Yearbook 2012: The expression "Beware Governments bearing Gifts" comes to mind as NO government has ever guaranteed anything like this before and there's 100 ways they could give the illusion of honouring an agreement whilst taxing you in other areas.
Mr Webb, do you honestly think the electorate would trust you on this one after Gordon Brown raided our pensions. Governments implicitly can renege on a promise and there's nothing we can do about it other than kick them out at the following election.
As I've found out just this week, the UK government wont even accept a European Court of Justice ruling that its supposed to implement but instead, the DWP stated that they don't do retrospective rulings on a judgement even though ECJ rulings are retrospective by default.
Government are the law makers and there's nothing we can really do if they change the laws against earlier promises or even court judgements.
Here's a solution Mr. Webb, hand out small gold bar for the extra levy, pass it to those who paid in and then they can hide it away from any future governments greedy mitts !
Mr Webb, do you honestly think the electorate would trust you on this one after Gordon Brown raided our pensions. Governments implicitly can renege on a promise and there's nothing we can do about it other than kick them out at the following election.
As I've found out just this week, the UK government wont even accept a European Court of Justice ruling that its supposed to implement but instead, the DWP stated that they don't do retrospective rulings on a judgement even though ECJ rulings are retrospective by default.
Government are the law makers and there's nothing we can really do if they change the laws against earlier promises or even court judgements.
Here's a solution Mr. Webb, hand out small gold bar for the extra levy, pass it to those who paid in and then they can hide it away from any future governments greedy mitts !
Parliamentary Yearbook 2012 and Parliamentary Information Office.
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