Current events

A couple of headlines have caught my eye recently, and I felt the urge to get my soapbox out.
soap boxPlease note that these are my opinions and thoughts.

I suppose the first was the latest scam scheme for workers to self fund their sick pay.
By paying money into an account to cover any eventuality of time off work, it would save the government mi££ions as sick payments would not come out of National Insurance Contributions.
sickWhat wasn’t clear was who would manage the relevant account:
the Worker, the Company or some Government Agency specially appointed for the job.
You can also bet your last buck that should the worker leave the company, his sick fund would not be transferable or refundable.

Bear in mind the last time the Government came up with a scheme for workers Self Funding (read Pension Plans), these accounts were raided by the Government of the time due to a loop hole and individual members of Joe Public lost thousands.
The Government have now changed the rules so that the people can take their pension pots in part or their entirety and do with the money as they please.
Isn’t that nice of them.
Yeah, until you read that should you take all of it, 75% of the pot will be subject to tax (probably at the higher rate too) as it’s classed as earnings, never mind that it’s your own money. Put it into an investment account of your own choosing and not only are you taxed on the capital, but also the interest it attracts.
Also, should you opt for taking the lot, spend all your dosh and have nothing left for your retirement years, be careful, the Government could turn round and say ‘tough’ and give you no State Pension. Already they are extending the age to qualify, so who’s to say there will be such a thing as a State Pension in 20 odd years?
So what do they suggest?
See a Financial Advisor…………. who will sting you for their services as they probably advise you to keep your money in the Pension Plan anyway and take your chances.
Damned if you do, damned if you don’t.

pension 1 pension 2

Now there is the subject of Grease Greece, that slippery country allowed to borrow to the hilt without the remotest chance of paying anything back and never will.
Deadlines come and go, so the EU Leaders redesign redefine the contract, allow them to borrow more to include (supposedly) paying back some of what is owed, and the cycle starts again.
If this kind of merry-go-round related to an individual, they would be taken down to the bankruptcy courts post-haste, every asset seized, black listed for future financial borrowings and handed a menial sum to live on once a week as determined by the court.
greece noThe Greek people said No in their referendum for the proposed austerity measures, having already been bled dry by those in power (the fact that their leader does not wear a tie does not mean he can’t afford one). It didn’t matter. The deal has been struck, more money has been borrowed, and more hardship and despair for the Greek citizens will follow.

Our own Government has insisted that UK tax payers money will not be used to finance Greece.
A loan is still a loan by any other name, even if funds are deposited into an account that doesn’t bear the word ‘loan’ on it. EU bankers are rubbing their hands in glee as millions of British pounds are provided as a guarantee should Greece default on its debt.
Mr Cameron stated that there was no chance that this money would be used in a Greece bail out.
Wake up Sir and smell the roses (or bullshit if you prefer). Georgie Boy has already signed the cheque. The payee has just been left blank.

cameron

Meanwhile with our own austerity measures and proposed welfare cuts, MPs have just given themselves a 10% pay rise.
Forget the unemployed (young, old or incapacitated), elderly, disabled, low paid and hard-working single parents losing their benefits. No matter that our nurses are working flat out to earn a living wage, our Armed Forces are being diminished or that our emergency services and NHS are going to the dogs.
What a joke that they are thinking of bringing in a text facility for our 999 service! The argument was that someone would not be misunderstood if they couldn’t get their words out or were suffering a stroke. Honest, that is what the interviewee on the radio said. Hello???? How the hell would someone in that state be able to dial a number, let alone text a message and then have to wait for a reply! Jeez. And these people are in charge????

On (perhaps) a lighter note, a headline in the media last week announced proposals of a 20% tax on sugary drinks to help address the UK obesity issue. In fact, the US is waging war on soda drinks, blaming them for medical issues such as diabetes, heart disease, some cancers and weight problems.
soda
This will open the doors for the UK Government to tax all food as in other countries, after all, is it not easier to tax everything than just an item or two?
If you’re earning big money a few extra pounds on your food bill won’t really be noticed. Supermarkets have been conning us for years with less weight for more money anyway.
But, if you’re on a limited income, then just a £5 a week increase will be difficult to cover and you end up either buying less or a poorer quality substitute.

Which brings me back to my first topic, sick pay.
If we don’t look after ourselves, our health suffers.
If we can’t earn a decent wage to be able to afford a decent diet, how can we be expected to contribute to a personal sick fund?

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About pensitivity101

I am a retired number cruncher with a vivid imagination and wacky sense of humour which extends to short stories and poetry. I love to cook and am a bit of a dog whisperer as I get on better with them than people sometimes! In November 2020, we lost our beloved Maggie who adopted us as a 7 week old pup in March 2005. We decided to have a photo put on canvas as we had for her predecessor Barney. We now have three pictures of our fur babies on the wall as we found a snapshot of Kizzy, my GSD when Hubby and I first met so had hers done too. On February 24th 2022 we were blessed to find Maya, a 13 week old GSD pup who has made her own place in our hearts. You can follow our training methods, photos and her growth in my blog posts. From 2014 to 2017 'Home' was a 41 foot narrow boat where we made strong friendships both on and off the water. We were close to nature enjoying swan and duck families for neighbours, and it was a fascinating chapter in our lives. We now reside in a small bungalow on the Lincolnshire coast where we have forged new friendships and interests.
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4 Responses to Current events

  1. This is a good post – shows how all this is related. Many people (sheep) choose to ignore all of this stuff, and how it is related.

    • Thank you!
      One of the things I loved about my analysis job was ‘joining the dots’, how numbers could be broken down and classified in so many different ways. It’s always the underlying things that show the true picture, the things that TPTB like to sweep under the carpet or hide behind long words and a series of 000s. 🙂

  2. Capt Jill says:

    It sounds like our governments are on the same track. Wondering just exactly WHY anyone needs one at all! I think we ought to all follow the lead of Iceland and say F&*K the banksters! After all, they have been screwing US through their bullyboys in the governments for hundreds of years.

  3. Pingback: Observation | pensitivity101

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