Cotswold8

@FPL_Data_Viz @TomHCalver I did not realise that - even more reason to get more people working!

@Cotswold8 @TomHCalver You're wrongly assuming all that NI payments went to funding the state pension.

There are two big problems with the triple lock One: it makes future spending impossible to predict. If we keep it, pension spending by 2050 could be a just a little higher than it is now. Or, if we have anything like recent volatility, it could be tens of billions higher. 1/5

@sirijo_uk @TomHCalver I was relying to Toms point that they take out £222k in SP payments from a £134k contribution. He linked the two figures but wondered if interest earned was taken into account of the shortfall in his example.

@Cotswold8 @TomHCalver 0%, your NI isn't saved for future reclaim, it's paid out to someone currently drawing a state pension. AUS have the system you mention but takes decades to put in place and in between you need to fund both pension types which we clearly don't have the ability to do right now.

@TomHCalver How much compound interest will have been made from the individuals NI 134k contribution and as they draw the pension? Would more than make it up to £222k i would think.

The state pension is a benefit. You pay NI for the entitlement to access it, but the cash you get back does not come from your own contributions. Be thankful that it does not: the typical 60-year-old has paid in £134k in NI, but will get back £222k in SP payments. 4/5

@NM_Rdg @MrCladding @mtpennycook Those that live in the apartments did, including those that did not live there at the time. I guess you must be ok paying for invoices with no explanation and then the onus being on you to to chase what it is for.

@Cotswold8 @MrCladding @mtpennycook Have you asked for an explanation?

My managing agent is requesting further payments from 2023 accounts, even though actuals were produced. Leaseholders across this country are open to this kind of abuse because of inaction from @mtpennycook and the Labour Party. The anxiety this is causing is unaccounted for.

@henrywinter @markpmakey this drives me mad, all the corporate lot would rather be warm having a drink than watch a game others would love to see.

@markpmakey agreed. it's annoying, Mark, they should ring the bells earlier in the corporate areas.

England v Japan, second game of the "Send-off Series" at Wembley, is sold out. Some players are out. Fans are all in. Game a mix of the familiar and the fringe. Jordan Pickford's 82nd cap takes him into the top 20 of England's all-time appearance-makers. Pickford goes past Rio Ferdinand and alongside Raheem Sterling as joint 19th. Pickford so important, probably not fully appreciated, but definitely one of Tuchel's untouchables. (Dean Henderson and James Trafford good 2 and 3, though Trafford needs to address his lack of many club minutes over the summer). Ezri Konsa and Marc Guehi surely return in central defence, flanked by Tino Livramento on the right and Nico O'Reilly on the left. (Lewis Hall deserves some more minutes from the bench to show what he can do at left-back). In central midfield, James Garner did well on his debut against Uruguay and is surely worth another look. Elliot Anderson first choice now so worth assessing Garner with him in absence of Declan Rice, who has returned to Arsenal. Garner offers plenty in and out of possession, also versatile, can cover at right-back, too. (Kobbie Mainoo will also be pushing for involvement). Upfront of the likely 4-2-3-1, absentees on the right surely leads to a start for Jarrod Bowen. Morgan Rogers at 10 (and Jude Bellingham coming on) and Anthony Gordon left. Harry Kane returns up top looking for his 79th goal in his 113rd appearance. Ahead of Kane are Steven Gerrard (114), David Beckham (115), Wayne Rooney (120) and Peter Shilton (125). 16: max numbers of games England could play this year after Japan, inc run to final (*) and 6x Nations League games. Kane could match or pass Shilton this year. Remarkable player. #ENG *ambitious.

@mtpennycook @cagey_optimist When I voted for Labour to end leasehold I did not think your plans would mean I would still be paying ground rent on my leasehold house for the next 40 years. I did not vote for that. What's the clear route out?

@cagey_optimist I can only reiterate what I’ve said previously. We are not abolishing leasehold outright (i.e terminating c.5 million leases overnight). Instead, we’re ending the system in this Parliament by making Commonhold the default tenure and giving existing leaseholders a clear route out.

Any further comments on this @mtpennycook?

@henrywinter If he knew he was not going to take him to the WC then its better not include him in the 35 and get it over with. I'm not saying I agree but no point including him in the friendless and then tell him he is not going - avoid the drama.

Thomas Tuchel spoke to Trent Alexander-Arnold about why he’s been left out of England friendlies. “I know it creates noise when you leave a player like Trent out. We had a call, I tried to explain the situation. He just has to accept it. It’s just a choice. A ‘sportive’ choice. A difficult choice and maybe a hard choice - and maybe to a certain degree unfair, but these choices have to be made. “I think I know what Trent can give us, so the choice was for Ben (White) and for Tino Livramento, to stick with the guys who actually had good camps with us in September, November, December. They also need the minutes and there are a lot of good players for this position and Djed Spence as well, who fights for a ticket.” Mad. #ENG

@PFA He will be good at playing away!

UEFA B coaching with Kyle Walker - a future manager?

@HarryScoffin @UKLabour @FreeLeasehlders He would mute the 5 million leaseholders if he could but they are only going to get louder as more and more people realise the stranglehold leasehold can have on their future.

I’ve just been blocked by Housing Minister Matthew Pennycook. My crime? Campaigning for fairer housing. Leasehold is a debt trap, destroys lives, and is decimating the flats market. @UKLabour promised to end it. Now they’re stalling... and silencing critics. @FreeLeasehlders

@FraserNelson Does this take into account those who were already on the old Incapacity Benefit and moved over to 'No work requirements'?

How Universal Credit went wrong - in one graph...

Universal Credit was intended to speed the journey from welfare to work. LCWRA, the UC sickness benefit, is doing the reverse - with profound consequences. I hope this forms a big part of the RF's report. Failing to recognise this daily calamity is the new British disease.

@jburnmurdoch Yes sure. Your insights always seem more balanced to me than others who might use data to fit their narrative. Hopefully you will find time to post more. :)

@Cotswold8 Tried to stay completely off here as a new parent, but I’m now trying to find more of a balance

The real sign British education has failed is the number of people responding to this chart with "that’s what happens when too many people go to university" HE has expanded in all of these countries, and in every one apart from UK that didn’t erode the graduate earnings premium.

@jburnmurdoch Thanks, always enjoy your analysis and you have not posted as much lately.

Full piece here: ft.com/content/649d3c…

@FT Leasehold and service charges

Who killed the British flat? ft.trib.al/CB7YQnJ | opinion

@LBC @lewis_goodall Thank you for holding him to account on leasehold @lewis_goodall

‘You’re being a little semantic.’ ‘I’m just applying the words in your manifesto to reality.’ @Lewis_Goodall and Housing Secretary Steve Reed get into it over the government’s promise to ‘end’ the leasehold system.

@mtpennycook Why would anyone buy a leasehold house now there is a two tier system in place for the next 43 years? You mention planning reforms to improve the housing market but freeing up unsellable leasehold properties would be faster - they are already built. Abolish it.

In the wake of the publication of our draft Commonhold and Leasehold Reform Bill on Tuesday, lots of existing leaseholders have been in touch seeking clarity as to when the government plans to make it cheaper and easier to extend a lease or buy a freehold 🧵

@SteveReedMP @Keir_Starmer @RachelReevesMP @mtpennycook Bullshit Baby Bullshit

Labour is ending the outdated leasehold system once and for all. Promise made. Promise kept.

@mtpennycook I live in a house and will pay ground rent for the next 40 years. How is this ending it?

This Labour government is ending the feudal leasehold system and easing cost of living pressures for millions of leaseholders across the country.

@HarryYorke1 @MDC12345678 If you vote for a party on the basis that they will abolish leasehold but you still have a bill for 40 years it does not sound like the end to me.

@MDC12345678 I’m not denying that — but I think Gove would be the first to acknowledge that he failed, because HMT did block that. As someone who has watched many policies enter the Treasury and never exit, I’d say this was a result for leasehold campaigners. Don’t let the perfect be etc

Having followed leasehold reform closely, Matthew Pennycook has been fighting hard to enact this for some time, against considerable HMT pressure. He appears to have delivered what Michael Gove tried to set in motion, and therefore should be commended.

@Victoria_Spratt If they water it down I’m not voting for Labour again local or national.

A huge rebellion is apparently now brewing over Labour’s delays to leasehokd reform Many MPs have so far been careful not to speak out but making it clear internally that they’re incredibly unhappy with how this has gone down