UK PLC - A Basket Case

[ace00]

.....
I saw an interesting comment on pensions:
Worker: "I'm economising for the next year by not paying into a pension for that period."
Commentator: "Wrong! You are merely not paying into your pension. You're still paying into civil servants' pensions."

Economist recently had an article on this. If you are a "regular Joe" in the UK then you are paying more in tax to fund just public sector pensions than you can possibly invest in your own pension. In effect, the government are stealing from you.

[Bagpuss]

Portillo on the BBC last night


"It seems perverse that the government is going to lower interest rates to get of out of a situation caused by interest rates being too low"


Spot on that man!