this post was submitted on 08 Sep 2024
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UK Politics

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[–] hellothere@sh.itjust.works 5 points 2 months ago

There is a difference between being pro-austerity, and being pro means testing.

Do I agree with the bar being set at being in receipt of pension credit? Fuck no, that's far too low given you're talking about a scenario where pensioners have less than 10k/yr and would be spending over 10% of their money on heating.

But, pensioners with a full state pension, and a private / workplace pension on top, sitting in a big house they bought in the 80s to raise a family in, all of whom have since moved out, and is now worth several hundreds of thousands of pounds, really don't need the extra cash.

So there should be a cut off, but not where it currently is. Ultimately, this shows the state pension is still too low if an extra payment is required so people don't freeze. If the state pension was higher, to the point this payment wasn't needed, then I think it would be a sensible place to put the limit, because pensioners with extra income (like private or workplace pensions) fundamentally shouldn't need it, because the state pension should be the base line.

I'm fully expecting a level of wealth taxing to be announced in the budget - it really isn't something you want to leak before hand because the ultra wealthy will move their money elsewhere, cos they're parasites - but if Reeves doesn't bring one in, then she and Starmer are going to have a very tough time.