So our future retirement income is about as secure as a little girl at Prince Andrew’s gaff?
Disgustingly worrying behaviour was being hidden already if that’s the case and continues to be so. All it takes is a simple tax cut (I’d imagine the smallest overall bracket) and a promise of continued spending to destroy the pension industry inside a week?
I’ve always said I’d be very surprised if I even have a pension by the time I retire. There’s a lot going on behind the scenes that I imagine we’re not privy to when it comes to things like where our pensions actually are lol
And that’s where the real problem lies for me, so many businesses being run terribly, unsustainably and using thousands of dark arts to eventually swindle the regular person.
Doesn’t particularly matter what government is in place, who the leader is or who the king/queen is, when businesses are constantly allowed to get away with pretty much anything they want.
Labour come in and tax them more - hey customers you’re gonna pay higher prices. Tories come in and blow smoke up their arse - hey customers we’re gonna raise the prices beyond any reason and get bailed out by the government which you’ll pay back later anyway.
TBH not just a UK problem but we are feeling it right now. Too many bailouts over the years during crises and too much risk being taken on without any preparation or care for external shocks. Yeah covid was a fucking huge one nobody would have planned for but the premise remains.
That’s why it annoys me with the repeated crisis comments now - nothing Kwasi has said should really cause such fundamental issues. I say that as someone who doesn’t agree with his approach.
I’m 38 years old, I honestly don’t remember a point in my life when everything was so bleak and fucked. Aside from my parents seperating and the money issues that followed because of the collapse of house values, I don’t even remember 2008 being anywhere near this level of fuckery.