Pensioners expected to get £550 above-inflation boost in Budget
Pensioners expected to get £550 above-inflation boost in Budget
Posted by SociallyButterflying
Pensioners expected to get £550 above-inflation boost in Budget
Pensioners expected to get £550 above-inflation boost in Budget
Posted by SociallyButterflying
37 Comments
Boys… I am becoming radicalised on State Pension and NHS issues.
I am now officially a single issue voter on these two things and will vote even for Reform if they tackle one of them.
This has been the longest pre-budget in history. I’d take a 10% income tax increase for it just to be one day early.
The government have committed to ensuring those with the broadest shoulders take on the burden of tough decisions….by giving the wealthiest demographic an above-inflation increase.
It’s alright though, our incredibly expensive rail fares aren’t going to get even more expensive (for this year), so there’s that.
How many average working people is it that pay to support a single pensioner via taxation? 2-3?
The people that got everything, fucked it, got everything back, and still get it all, get even more!
Turning into France. The pensions will go up. The debt will go up. We’ll have a conga line of unpopular leaders who’ll tinker around the edges and avoid dealing with the problem. They’ll point at immigration, they’ll blame the poor, but they won’t touch the god damn pensions. Not until the boomers are dead.
Centrism just delays the problems, soon it will be a giant bomb.
We either need to introduce wealthy tax or let Farage privatise the NHS and cut every benefit and pension.
Whoever has the spine to save the country from pensioners who apparently need 4 cruises a year gets my vote. I dont give a fuck what evil they have planned this shit makes me not care
Your reminder that 1/3 of pensioners are millionaires.
The wealthiest generation becoming more wealthy…this country is just backwards
Why am I paying for boomers who have done nothing but drain the economy
The pensioners will take the money and will still vote reform. Gone are the days of buying votes.
fun fact: benefits, pensions, AND income tax allowances are statutorily required to increase each year with inflation.
second fun fact: ONLY pensions get the super-duper-mega-bankrupt-the-country ‘triple lock’, ‘most expensive’ option
third fun fact: every year the government delivers a fat F*** you to benefits claimants and taxpayers by passing a law that overrides the statutory uplifts for benefits and income tax allowances, freezing them. They have NEVER done this to pensions.
You do not hate politicians enough.
Beyond a joke – especially if they include the legislation to limit what those of us of working age can put into our pensions. Gen X and Z being effed over for the sake of the current, statistically most wealthy, generation of pensioners ever.
Can’t wait for pension reform in 30-40 years to ensure that I dont enjoy the same pension as the current crop of pensioners despite my taxes supporting it.
Hilarious really, they’re getting an above-inflation increase yet you can guarantee all we’ll hear are squeals and moans about having to pay (more) income tax.
Please stop trying to please the unappeasable. They’re voting for Saint Farage at the next election, why bother with the freebies?
Reeves is going to get everything wrong in this budget isn’t she?
Can’t wait for my civil service employer to say they can’t afford to give us an above inflation pay rise this year!
Last year they did the mental gymnastics of “above inflation pay rise (based on September 2024)” which was coincidentally the month with the lowest inflation all year
Abolish the education budget to pay for it. Might as well if everything is being burned on the altar of the Triple Lock (praise be).
That’s an expensive gamble.
Have they checked with an actuary as to how many will be alive to vote in 2029?
Paradox of democracy in full effect with pensioners and their untouchable status
This countries cooked
I got a promotion recently.
It took me over the £100k threshold.
Before anyone says “boo hoo”:
I’m a single father so a single earner, yet my household is worse off than a household made up of 2 average earners because:
– loss of child benefit
– the 62% tax trap
– loss of tax free childcare
– more tax on savings
– student loan repayments
I work really bloody hard to make a half-decent life for my kids and I just know things are only going to get more difficult in a few days because I have the “broadest shoulders” according to the government.
More and more and more money is siphoned from people like me and pumped into welfare of all shapes and sizes like this (I see the 2 child cap is also being abolished).
Meanwhile the corporations and rich pay next to nothing.
It’s completely and utterly soul crushing
I do wonder sometimes who labour are trying to keep happy. Last election most people voted labour to get the tories out. But usually pensioners overwhelmingly vote for right wing parties in the UK. The people who vote labour are the working class and they are alienating them by raising their taxes to pay for a class of people who won’t vote for them anyway.
Nobody got em balls to touch the triple lock
‘Making Tough Decisions’ goes in the bin when it comes to the truly wealthy taking their share of the hurt.
Still not nearly as much as families on benefits with three + children will get.
Meanwhile those of us with those broad shoulders keep on working to pay for it all. Feels great doesn’t it.
Fuck this government. Seriously.
If they’re looking for a quick poll boost, which seems to be their only motivation, growing a set of bollocks when it comes to pensions is one way to do it.
I fucking hate this country and what it has become. What a bowl of cold sick of a government we’ve waited 14 long, austere, depressing years for.
An utterly hopeless future. If you’re young, leave. Please, set sail and build a better life for yourself somewhere far away from here.
so, the gov are giving the wealthiest generation ever, who are sitting on the most assets any generation has ever had, more money, and not even means testing it to make sure those that need it get it but those that dont need it dont.
This is after the winterfuel fuck up or announcing a policy (a good one), then backtracking in an absurd manner (the threshold could have gone up a bit but the level they raised it to was absurd), and it turns out that pensioners are getting big increase anyway…..
State pensions are not pensions, they are old age benefits, and should be means tested like every other benefit.
I honestly dont know what the point of labour is anymore, its just increasingly tory/reform policies, with a slightly nicer/less racist person delivering the statement
Cool, meanwhile I’ve not had a pay increase in 2 years due to “the economic climate”.
Yes it’s the flaw in the Triple Lock.
Inflation goes up (by more than wages) – State Pension goes up – wages go up (higher than inflation) – state pension goes up. Double benefits basically
Over multiple years, after an inflationary shock which is supposed to make us all poorer…OAPs get richer. Even richer still as many will have savings, and no mortgage. So will get more returns on their savings compared to 2020, often tax free as well.
Gov could claim an exemption to the Triple Lock but won’t, despite appalling public finances and this being more by error than design.
They’ve lost the youth vote. Now buying the boomers.
Got to appease biggest voting block who in their majority wont vote Labour anyways, appeasing people who are never going to vote for you while pissing off the voter base who may vote for you.
They backed off WFA changes because of faux outrage by right wing press, and now they get even more handed to them, richest generation who had everything handed to them.
Cmon Labour, take a risk, they arent going to vote for you anyways, so why appease them.
Which is why all young people raging on behalf of Pensioners for the WFA means testing made a big mistake. Pensioners constantly vote against anything beneficial for other age groups, and to maximise their own benefits even if they don’t need it.
If people keep letting Boomers be endlessly at the front of the line for policies, they’ll make sure your turn never comes.
Ok so that’s the pensioners getting more, the benefits claimants getting more…what about the rest of us?
We’re enduring fiscal drag on our incomes in order for the most privileged and richest generations to get even more. Ridiculous
I’m fairly certain this isn’t a choice by the government except insofar as they have chosen to not remove the triple lock. This is the amount it was expected to raise by.
Well done Labour, continue to appeal to the demographic that aren’t going to vote for you whilst ignoring those who do and at the detriment of everyone who isn’t a pensioner. Political geniuses this lot.
I miss the days you used to hear about the budget a week before the budget. Now it’s months of speculation and reversals. Also why’s it gone from October to November?