I strongly endorse the article, in particular the conclusions, namely:
Cutting state pensions would be a retrograde step.
Increasing the age of entitlement to pensioner benefits is a better way to save money than cutting pensions or trying to means-test universal payments.
However, as I indicated in an earlier blog for me there is also the challenge of taking a harder look at other policy areas before reducing the elderly’s pensions and benefits. Let me restate my earlier points as open questions:
- Why don’t the political classes cut the bloated pensions of the Public Sector before tackling the whole elderly sector?
- Why don’t the political classes cut the bloated costs of the scroungers on unemployment and social benefits?
- Looking at austerity cuts made in Greece as as a benchmark of worst case austerity, just how far will the political classes in the UK go in cutting the costs of the elderly?