
David Harbord
819 posts

David Harbord
@DavidHarboh2
Former CEO, Managing Director and CFO. @davidharbord on Substack - Im a proud Conservative Party member and Kemi fan!


I have a duty to stay on, says PM as he justifies defence spending decisions bbc.in/43y0hjV


The full UK State Pension is now worth around £12,548 a year. That's less than half the earnings of someone working full-time on the National Minimum Wage, despite many pensioners paying taxes and National Insurance for 40, 50 or even 60 years. Yet every time the Treasury needs money, the same voices appear demanding the Triple Lock be scrapped. Why? State pension spending is forecast at around £154 billion this year, but that supports over 13 million pensioners, many of whom rely on it as their primary income. Meanwhile, billions continue to disappear into failed projects, government waste, bureaucracy, consultants, quangos and policies that deliver little value to ordinary taxpayers. The Triple Lock isn't some gold-plated luxury. It exists because politicians allowed the State Pension to fall behind for decades. Even today, a full State Pension is barely above the poverty line and is nowhere near a typical working wage. If politicians want to save money, start with waste, inefficiency and failed spending programmes. Leave pensioners alone. They worked, they paid in, they built this country and they deserve dignity in retirement, not another raid on their income.








Announcing £4,500 million for cyclists the day after saying there’s no money to defend the nation is magnificent And rally says it all


It's worse than that. The £4.5b figure is just the amount that the state would have to find to cover the ongoing costs of educating another 500k+ pupils. The state would also lose the tax revenue from the £16.5b generated by independent schools every year. Since about 75% of revenue is paid as salaries to staff, that would be approximately £3.7b if 30% of staff pay is handed over as Income Tax. Very rough figures, but you get the idea. In the short term, you'd also have to add the cost of buying up all of the land and buildings necessary to expand the state sector by 6%. In the long term, there would be substantial additional public sector pension liabilities. Abolishing private education would be a disaster for public finances.




@YardleyShooting Don’t you have a gloomy view of life? AI is absolutely amazing and transformational. The use of AI has made me more intelligent which is why I call it additional intelligence rather than artificial intelligence.




Returning sickness benefit levels to pre-surge levels would release all money needed for defence.






















