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theessexfox

Iain Duncan Smith Resigns

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Posted

Thanks bud that illustrates things quite well. Not sure you can say young people are being forced to work if they're on benefits from those figures but they're clearly going the right way.

 

That massive spike in 2009 is when the market crashed presumably?

Posted

Seen a bit of Crabb this last year I think the party have been pushing him in the media a bit. Unlike IDS he will toe the party line till the bitter end, it's like he just picks up a Cameron speech and just rearranges the sentences.

Guest MattP
Posted

Interesting selection Crabb, good media performer but a big jump from his current position.

Posted

I dunno, he seems like a classic Tory to me - too shellfish.

I was hoping to winkle something out of you but now I wish you'd clam up.

Posted

Better watch out when you use the public bogs then.

 

The crabs in here can jump 6 feet. There's no use going in the one next door. The ones in there jump 6 foot four. 

Posted

http://www.politics.co.uk/blogs/2016/03/17/ids-loses-legal-challenge-to-keep-universal-credit-problems

 

And he resigns the day after? I doubt it's a coincidence. 

 

I'm sure there's actually many reasons why he's resigned, but I highly doubt that compassion for disabled people is one of them.

 

 

Seeing double

Posted

Well, the world is his lobster now.

I thought Pritti Patel would have been a good call, given her privileged background.

She's something of an upper-crust Asian.. (Ouch!)

Guest MattP
Posted

Priti Patel could inflict her cuts on me anyday of the week.

Posted

I thought Pritti Patel would have been a good call, given her privileged background.

She's something of an upper-crust Asian.. (Ouch!)

Actually that deserves a rep point.  :appl:  lol

Posted

So, now the truth is out - the assault on welfare is not about saving money, it's ideological.

The working poor 'don't vote for us'

I think a few on here owe Rince - in particular - an apology.

Posted

So, now the truth is out - the assault on welfare is not about saving money, it's ideological.

The working poor 'don't vote for us'

I think a few on here owe Rince - in particular - an apology.

Obviously some of the working poor do vote Tory or they wouldn't be in govt.

Anyway getting people off welfare was always more than about money.

Posted

It's important that the protection of rich pensioners from austerity measures has come up. The headlines around this are typically:

1) rich pensioners get benefits like free bus passes, prescriptions and fuel allowances, which should be means tested

2) the triple lock on the basic state pension means at times of low inflation, pensioners take an even bigger slice of the national wealth relative to working age folks

The main injustice though, which is rarely reported, is that rich pensioners were protected from caps on pension wealth that apply to the rest of the population. Today working age people are allowed to accumulate 1.25m in pension, which will soon be reduced to 1m. Any pension accrued above this is taxed at 55%. This works out at a max pension of around 25k per year before the tax charge kicks in. For some reason, the government has protected older people from this tax charge. A guy I know who is a financial advisor tells me over half his clients have this tax protection, one of whom has an annual (tax protected) pension income of 450k per year.

Posted

Poor pensioners get those benefits too. If those benefits were scrapped we'd be hearing about vulnerable old people too.

Posted

It's important that the protection of rich pensioners from austerity measures has come up. The headlines around this are typically:

1) rich pensioners get benefits like free bus passes, prescriptions and fuel allowances, which should be means tested

2) the triple lock on the basic state pension means at times of low inflation, pensioners take an even bigger slice of the national wealth relative to working age folks

The main injustice though, which is rarely reported, is that rich pensioners were protected from caps on pension wealth that apply to the rest of the population. Today working age people are allowed to accumulate 1.25m in pension, which will soon be reduced to 1m. Any pension accrued above this is taxed at 55%. This works out at a max pension of around 25k per year before the tax charge kicks in. For some reason, the government has protected older people from this tax charge. A guy I know who is a financial advisor tells me over half his clients have this tax protection, one of whom has an annual (tax protected) pension income of 450k per year.

With finance legislation, especially pensions given they are long term financial planning instruments, it's seen as unfair to move the goalposts and reduce the benefits for someone who had already started investing based on the terms that had been set out.

So what's happened in the past is some form of transitional protection is offered to those people, pinned with certain rules - and having worked in this sector a long time myself, the way they are applied tends to be fair and balanced.

It's also important to note - those with a sizeable, actively invested pension fund do help to provide jobs in the finance sector.

Posted

Stephen Crabb replaces him.

Cameron looks deep into the under depths of his party only to find Crabbs.

Cameron is puzzled and surprised by this as he'd only been near pork related products.

Posted

Obviously some of the working poor do vote Tory or they wouldn't be in govt.

Clearly not enough for them to care about, and certainly not in comparison to the 'grey vote'.

Anyway getting people off welfare was always more than about money.

Yes, it was ideological.

Posted

Clearly not enough for them to care about, and certainly not in comparison to the 'grey vote'.

Yes, it was ideological.

Self reliance and the dignity of work. Not bringing kids up in non working households. The best kind of ideology in my opinion.
Posted

So, now the truth is out - the assault on welfare is not about saving money, it's ideological.

The working poor 'don't vote for us'

I think a few on here owe Rince - in particular - an apology.

Don't hold your breath.  Conservative voters on here chose to ignore it when Clegg said it recently because he was only saying it as a bitter loser, this will just be the words of a bitter former employee.

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