Fortunes. With rents and (in particular)Council Tax moving up so much in the South of England, you would entitle a substantial number of pensioners. I would point out that the Government has recently admitted that it cannot afford the Pension Credit improvements on a long term basis.
I mean, does anyone buy the position that raising the working age to 70 has ben done on equality grounds? That it has nothing to do with the virtual collape of pension schemes and the closure of vast numbers of company schemes? The collapse of Equitable Life, the “blue chip” of insurance companies will not help encourage people to save either. The State ends up picking up the tab for all of this via means-testing.
