OAP left feeling 'ashamed' to be old as she rages at Tom Swarbrick
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Pensioner Mary from Hastings slammed Mr Swarbrick’s criticisms of the Governments triple lock promise as he believed that there needed to be some means testing on the policy as some pensioners who did not need the increase were set to receive the increased funds. Mary pushed back on Mr Swarbrick’s critiques of the new policy and explained why she believed millionaire pensioners still needed the funds, as they had put a lot of money into the country throughout their lifetime. Pensioner Mary claimed that she was ashamed to be old due to Mr Swarbrick’s comments about young working-aged people having to contribute more in tax in order to fund the increased pensions for the elderly in line with inflation.
Mary from Hastings told LBC: “Oh, you’ve really upset me today Tom.”
Mr Swarbrick said: “Oh God Mary I’m so sorry, what have I done?”
Mary said: “I’ve listened to LBC ever since it began in the 70s, but today everybody that has come on has really upset me.”
Mr Swarbrick said: “Oh, God.”
Mary added: “I’m a pensioner… Well, I’m a bit ashamed of being a pensioner today actually.”
Mr Swarbrick said: “Why?”
Mary from Hastings said: “I’m 74 years old and I get £330 a month.”
Mr Swarbrick added: “From your state pension?”
Mary said: “From the state pension, I have my husband and he gets his state pension and he paid into a private pension… Today you just… It just upset me so much.”
Mr Swarbrick added: “Why have I upset you?”
Mary said: “I’m ashamed of being old today.”
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Mr Swarbrick said: “Why, why? Mary no no no, come on!”
Mary added: “Because the way you have gone on, I think yeah, there are millionaire pensioners, but they’ve still paid into it and they’ve probably still put a lot of money into our country.”
Mr Swarbrick said: “Because they’re a millionaire who has lived a long time they should get an extra £800 a year?”
Mary added: “Yeah because they probably still spend a lot of money in our country.”
Mr Swarbrick said: “Hang on, they can spend the extra £800 a year that they’re getting even though they live in a millionaire household, come on.”
Mary added: “But how do we know, how do we know what they put into the country?”
Mr Swarbrick added: “Well it’s not, come on, you’re asking working-aged people to contribute more of their earnings to help to give more money, £800…”
Mary said: “My husband is 77 and he still pays tax.”
Mr Swarbrick added: “You pay a very high rate of regional tax on your pension which needs to be looked at pronto.
“But giving money to people who are already wealthy who don’t need that extra money at a cost to the people who are working, I think is unfair.”
Mary said: “So how are you going to work this then? How would it work?”
Mr Swarbrick said: “I think that Ken Clarke’s point, I think that ultimately there might need to be some means testing of increases to pensions, and I think the idea of a triple lock should be downgraded.”
Autumn Statement: Hunt on pension triple lock
The British Government announced in the Autumn statement that they will increase pensions by 3.1 per cent, in line with inflation.
Inflation in the British economy has now soared to a staggering 11.7 per cent, plunging many Britons into poverty as they cannot afford to pay for the increased cost to living.
Despite Mr Swarbrick’s comments some of the most vulnerable to the ongoing price hikes in energy and food are the elderly.
Under former Prime Minister Liz Truss, pensioners in the UK were promised a triple lock, and that has been upheld under Rishi Sunak’s cabinet.
The pushback has come due to working people paying more in income tax in order to raise pensions in line with inflation, and due to the increase, pensioners face the risk of paying taxes too after the Chancellor announced that tax-free allowance will be frozen at £12,570 until 2028.
And the pension has risen from £8,122 to £10,600 per annum.
Technical director of Canada Life, Andrew Tully said: “The frozen personal allowance, and income tax thresholds, are a stealth tax which will potentially drag millions more pensioners into paying income tax for the first time or paying higher rate tax when they were previously basic rate taxpayers.”
“They have experienced lots of recessions before and I do understand they want a government to give them confidence in an uncertain world.
“The pension triple lock was a difficult decision, and both emotive and symbolic, but I do very much want to provide pensioners with the financial security they deserve.”
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