Monday, 25 October 2010
Reports today suggest the coalition is considering a universal pension at an increased level to the ninety seven-odd pounds per week currently paid to a single pensioner.
Although at an early stage, and unlikely to be introduced until after the next election, this is an initiative we should applaud. Along with a tapering of such pensions for anyone earning more than £44,000 in their retirement. £97 per week is around £5000 annually - pretty modest really.
Sorry Fred 'the shred' Goodwin, you're just going to have to make do with that £703,000.