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David Cameron threatens crackdown if over-55s are barred from accessing pensions

Fat and happy: Clearly David Cameron celebrated being elected as Prime Minister for the first time with an extended pie-eating binge.

One thing you can always say about David Cameron – he talks a good fight.

There’s usually no substance behind the rhetoric, though.

His pension is perfectly safe – he has been an MP long enough to have secured the gold standard of UK pensions.

He won’t care about yours.

David Cameron has threatened a Government crackdown on pension providers that are failing to offer all of the freedoms promised by the Conservatives ahead of the general election.

The Prime Minister pledged to keep a “careful eye” on the companies after The Daily Telegraph disclosed that most over-55s were unlikely to be able to access their retirement funds as easily and cheaply as George Osborne, the Chancellor, had promised.

Mr Cameron said that the pensions providers must not use the reforms simply to find “a new way of charging people”.

Source: David Cameron threatens crackdown over-55s barred from accessing pensions – Telegraph

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Incomes increased for the richest last year, but fell for everyone else (surprise!) – Inequality Briefing

The richest fifth of the UK population saw their incomes increase by £940 in 2013. But incomes were down by £250 for the other 80% of the population… and by £381 for the poorest fifth, according to Inequality Briefing.

Before Vox Political readers start commenting in their droves that this is nothing new and no surprise to anybody: It is important to keep this in the public eye. The Coalition government came into office stating that austerity cuts were necessary but would be fair, and these figures are a constant reminder that they are in fact anything but fair.

Here’s a graphic for you to share:

[Image: Inequality Briefing.]

[Image: Inequality Briefing.]

The website states: This data compares the ‘equivalised disposable household income’ for 2011/12 and 2012/13. It was published by the Office for National Statistics as part of ‘the effects of UK tax and benefits on household income 2012/13 study.’ ONS have found that the recession did have a small effect on reducing inequality, but it now looks as though inequality maybe set to increase. The figures are available online via http://www.ons.gov. uk/ons/publications/re-reference-tables.html?edition=tcm%3A77-333039

To download the full pdf, click here

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