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Firstly: it isn’t news that the UK pension is the lowest in the developed world. The OECD has been telling us this since at least 2017.

The statistic has come to light again because there is pressure to improve the situation in the 2020 Budget, due to be announced very soon.

It is a forlorn hope.

In case everybody has forgotten, the government has been increasing the pension age over the last few years – and will continue to do so well into the future – because it doesn’t have enough cash to pay everybody currently eligible.

That’s what the WASPI protests have been about – the fact that the government suddenly forced them to wait periods of several years in some cases, putting them severely out-of-pocket.

But here’s the operative question: if all the other countries in the developed world can pay more, why can’t the fifth-largest economy in the whole world?

Doesn’t it indicate that our leaders for the last several decades – going back to… I don’t know… 1979 at least – have squandered our cash on stupid things like tax breaks for people who are obscenely rich, when they should have been investing it in our future?

Doesn’t it indicate that, as a certain billboard campaign puts it, we have been led by donkeys?

The people ultimately responsible were called Thatcher, Major, Blair, Brown, Cameron, May and Johnson.

Isn’t it time we laid the blame where it’s due and demanded sensible redress for their stupidity?

Source: UK pensioners receive the lowest state pension in the developed world – Welfare Weekly

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