Regular like clockwork …

 

Every year at this time in September, the Westminster chatterati and MSM pundits bleat about the fabulous ‘triple lock’ for the state pensions. Every year we hear that “we” cannot afford this, that it’s unsustainable, that “we” are too old as a country and that it’s so terribly unfair to the young. Never mind though because our MSM print editions are again in full catastrophe mood (link). I wonder how long it’ll be before the usual suspects declare that a burst dam was caused by ‘climate catastrophe’ …

It’s wonderful to see how it’s always some Tory Grandee who comes out with the call to scrap the Triple Lock. It’s wonderful to see how the Lefty footsoldiers bleat about the Triple Lock being a dastardly Tory ploy, to keep ‘the blue rinse brigade’ voting for them. I’ve not heard the label ‘blue rinse brigade’ for years and years. Is there one actually still alive? 

Interestingly, you don’t hear Labour Big Beasts accusing the government of being wasteful with “our” money. I wonder why that is … For the record, I present you firstly with the opinion piece by William Hague in The Times on Monday – the day before which the Treasury decides which is larger, inflation, wage rises or the 2.5% they are obliged to pay out for the State pension. Under the headline

“It’s time to unpick the triple lock on pensions – The system is both unsustainable and unfair in its current form but it will take cross-party co-operation to change it” (link, paywalled)

Hague has come up with another ‘reason’ for scrapping it: “intergenerational fairness”. No, I haven’t a clue what this is supposed to mean, nor do the comment posters who are however certain that such a rise would be ever so unfair. This argument was picked up by a piece in the Speccie, opining in their email email newsletter that “the only chance of them dropping the triple lock is if Labour does the same in its manifesto and creates the political space to do so.”. This morning we have a piece by Philip Johnstone in the DT, warning that perhaps the whole system of the state pension is under threat (paywalled link) and that ‘Teh Young’ ought to be taught how to save for old age. 

Here’s a very strange thing: nobody in the Westminster dinner circles moans about the universal tax credit which the young, actually working families receive. Nobody moans about the sustainability of all the bennies handed out to people of working age where generations are living on those bennies.

Nobody except some horrible ‘extreme far right populists’ mentions the cost of all those dinghy drivers, now housed in posh hotels. Funny, innit, how immigration – legal, illegal, who cares – is deemed necessary because “we” are such an ageing nation that “we” can’t produce our own state income. That, we’re being told, is why we need those people. Funny, innit, that none of them is working and contributing to the state. 

Meanwhile, Labour is quiet. It is difficult for them to campaign against the triple lock because they have been supporting the strikes of working people – from railway workers to nurses, from posties to rubbish collectors – because of inflation. They, unlike the Tories, understand that inflation hits everybody, not just those who work. 

Moreover, they probably remember the outcry which nearly killed Gordon Brown’s career in 1999 when he increased the state pension by 75 pence (link). Next year, he raised the pension by twice the rate of inflation, giving a proud £5 per week to single pensions and £8 per week to couples. Well, that was nearly two dozen years ago, so let’s look at the current numbers produced in the DM:

“Implementing that increase [due to the triple lock] would mean a full basic state pension going from £156.20 per week to £169.50. A full new state pension – typically offered to those who reached state pension age since April 2016 – would rise from £203.85 per week to £221.20.” (link)

Yep, that’s clearly unsustainable and terribly unfair especially since this sum will be paid out in April next year when inflation has hopefully been decreasing. None of the ‘concerned’ wailers about ‘unsustainability’ and ‘intergenerational unfairness’ ever points out that any pensioner in receipt of an occupational pension is paying tax on every penny above the statutory income-tax free sum.

None of the wailers ever mentions the gold-plated, index-linked pensions handed out to civil serpents, national or local. Don’t ask me why that is not intergenerationally unfair! Perhaps ‘government’ ought to scrap paying the state pension for all whose private pension plans means their income in retirement is above the mean income – that would be fair, no?

I wonder why all those who last year screamed about the terrible fate of the elderly, forced to either eat or heat, are now so suspiciously quiet. Might they feel that their support for salary increases won’t play well when the state makes savings on the back of their grandparents?

That’s all I have for today. I wonder if the warfare against the old will end when all the hated older generation has kicked the bucket. Have a good day.