How much it costs to rent a one bedroom flat in London? A British pensioner cannot afford it.

 

Today´s state pension can be about 1,000 Pound a month. The rental price of a one bedroom flat is about 1200 Pound, minimum. Then you have to account for other expenses apart from rental payments. So, really, the state pension does not allow pensioners to rent a one bedroom flat anywhere in London, capital city of the United Kingdom,

It usually assumed that by the time somebody retires the said person would own his or her own accommodation. This is not the case and it will increasingly not be the case as more and more people cannot afford to buy property and would have virtually no assets. This a ticking bomb. It is not by chance and/or by choice that more and more adults do not leave the home of their parents. Marriage as an institution if vanishing. Today, more and more parents are not married. It is also the case that vegetatve growth is below replacement rates. There are less and less children. Coupled with unemployment is the fact that there are less and less active workers and more and more people depending on welfare payments.

Monies to pay for pensions are disappearing and pension payments are not enough to have proper living standards. Once again, the clock is ticking. A consumer market that does not have spending power, combined with businesses that do make enough to manage to stay afloat with increasing taxation and other rising operational costs is not the way to Paradise. In spite of annual adjustments, retirees are getting a lot less in terms of that whey need to keep living standards.

Everybody should be talking about these issues, but most people live in cuckooland, oblivious in terms of what lies ahead.

William Hague: Pensioners, economy or complete disregard for older people?

When priviledged politicians like William Hague that are all too willing to find monies for white elephant projects talk against looking after pensioners that get three times less than the minimum salary in retirement, the said politicians show their true colours. I guess he did not protest or felt unhappy when he himself got huge increases as Member of Parliament or Cabinet Minister. 

Traditionally, old age people and pensioners have tended to support the Conservative Party. Maybe they should stop supporting the Conservative Party if individuals identified with the Conservative Party show such disregard for some of the most vulnerable people in society. But what does the Leadership of the Labour Party show? They could not care less. Regarding things that matter so much they keep their mouths conveniently shut because they merely playing politics and could not care less about the elderly.

If the so falled mainstream political parties don't care, somebody else has to care and so much is going on that mainstream political parties cannot or don't want to deal with. It was goes to the root of how the political system works. 

He is a runaway train. People like him are runaway trains. They have a license to abuse the system and they use it. They spend their lives milking the nation and with the hypocritical ways they criticize those who have less.

Russia is winning: Sanctions against Russia are hitting hard those who applied sanctions against Russia as inflation destabilizes economies

 

Transport strikes were the most visible indication that things are going south in the United Kingdom. Now there is the threat of other sectors of the economy like health and education going on strike and no sector is safe as the legal system is now being affected and people will have to defend themselves in court, including in serious cases that can lead to lenghty jail sentences.

This is not about Labour or Conservative. Whoever is in power the consequences of the economie going the wrong way due to energy prices and sanctions against the Russian Federation. European countries that rushed to implement punitive measures had little understanding of the dramatic consequences for their economies are now seeing the error of their ways and praying for no more energy cuts.

If inflation is more than 9% and the government in some cases is only willing to give a 3% salary rise, how are workers going to be persuaded to accept what is effectively a wage reduction? But those at work are not the only ones who will suffer. Pensions are somehow pegged to inflation rises and the question is how is this going to be dealt with. If you have got a state pension, you are going to be affected. If you have got a private pension, you are going to be affected. If you pension fund consists of investments in shares the obvious thought is that if the economy performs badly then investment returns will be lower.

Some Conservative politicians are talking about reducing taxation and cutting down or simply getting rid of VAT and there are those who say that green taxes that severely affect prices should be abolished. If the whole issue is so much depending on energy costs then the green agenda will be dead in the water. We have got to use every bit of fossil fuels we can get our hands on in order to lower energy prices. This means using coal and allowing fracking.