WHO ARE THE SQUEEZED MIDDLE?
- police officers, and
- Tube drivers
In the Panorama programme about Food Banks rise being mostly from people in work, entitled the Rise of the Working Poor, the squeezed middle were interviewed showing them scrimping to buy cheap food despite both of the couple being in work.
PENSIONER BASHING EVEN IN THE SQUEEZED MIDDLE
Finance boffins tell us that the annuities a pension pot buys has crashed in value over recent years, so that a 65 year old with a £100,000 pension pot would have got £6,930 pension income in 2009 but today would only get £5,877 because of ever falling annuity rates.
HOPE MY OTHER BLOG HELPS YOU WITH SOME USEFUL RESOURCES FOR YOU
A cheap day out for two - picnic bag - can top up each time get a chance of warm sunshine for a taking the old car or even your cycles out into the countryside and keep fit while you enjoy a ride out.
WHAT WOULD THE SWANS DO DIFFERENTLY?
- State Pension payout for women at 60.
- Basic Tax Allowance of £14,000 (£15,500 from 60 for men and women).
- Higher threshold before 40 per cent top rate of tax.
- Top rate of tax 40 per cent.
- Free Childcare within the Education Budget.
- The £1,000 transferrable tax allowance for 4 million married couples in 2015 will give a £411 million handout to men (84 per cent) with only £84 million to women (16 per cent). In The Swans, this money would go into the wife's separate bank account.
The Swans are for all incomes in society, leaving none to starve, paying off the deficit in real terms about the real debt by practical ways, and doing it without soaking the bulk of those in work.
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