
Ian Donaldson
6.9K posts

Ian Donaldson
@DonaldsonIan
Middle aged bloke. FFC since 1981









The mad EU is back to its bad old ways. Perhaps it will rename Paddington next. mol.im/a/15703815


🚨 Pensions Follow Up: Thanks for the outstanding engagement on the state pension thread — hundreds of thoughtful replies, and some excellent extra context. This conversation is cutting through the gaslighting. Key examples people have highlighted: • Keir Starmer’s 2013 Platinum-Plated DPP pension — Parliament quietly passed bespoke regulations giving his scheme full inflation protection and exemption from the lifetime allowance cap that applies to everyone else. • Public-sector gold-plated final-salary schemes (and MPs/civil service pensions) — generous defined-benefit deals funded by the same NI system, while millions in the private sector had little or nothing until auto-enrolment kicked in. • Broader broken promises — earnings link severed in the past, qualifying years still strictly enforced while the National Insurance Fund was treated as a slush fund, elite schemes quietly protected with better uprating, and the triple lock now painted as “unaffordable generosity” after decades of short-termism. • Recent analyses (e.g. Fidelity Nov 2025) rank the UK last in the G7 on pure state pension replacement rate (just 22% of pre-retirement earnings vs Italy 76% or France 58%). This is often spun as proof the system is “too generous” — but it actually highlights how the UK deliberately built a minimal state floor and pushed the rest onto private saving. Higher public pensions elsewhere come with much heavier payroll taxes during working life. • The forgotten social contract & demographic shift — We all remember the one-earner family model that worked in decades past (women raising families as society expected). Now both parents often scrape a living, struggling with housing and costs to afford kids. Meanwhile, Blair-era open-door policies accelerated mass immigration and expanded welfare access. Today, significant Universal Credit spending goes to migrant households (including unemployed foreign nationals — over £10bn in an 18-month period recently), and higher fertility in some migrant groups contrasts with native birth rates at record lows. This hasn’t fixed the worker/retiree ratio as promised — it’s added pressure on the very system pensioners paid into. All of this flows from the same root: governments sold National Insurance as a contributory scheme — “pay your stamps for your pension,” just like road tax was meant for the roads. They ditched the ring-fencing (1937 for roads, gradually for NI), turned it pay-as-you-go, spent surpluses on NHS/welfare/whatever suited the day, ignored collapsing birth rates and demographic reality (mass immigration didn’t fix the worker/retiree ratio), then rebranded the whole thing as a “transfer from poor young to rich old.” How we fix it going forward — practical steps: Short term — honour existing promises: - Maintain the triple lock for current retirees and those near retirement who paid in under the old expectations. - Cut wasteful spending first: illegal migration accommodation, Net Zero subsidies, foreign aid that doesn’t deliver, and welfare bloat that drains the NI Fund. Long term — build a system that actually works: - Phase in individual named accounts modelled on Singapore’s CPF: NI contributions go into personal pots with guaranteed returns and real investment growth, not spent immediately. - Expand and strengthen auto-enrolment so every worker builds a decent private/workplace pension alongside the state safety net. - Legally ring-fence the National Insurance Fund properly — no more treating it as general taxation. Stop pitting generations against each other. The young are paying into the same flawed system their parents did. Honour the contract for those who upheld their side, then reform so we don’t repeat the failure. What other examples of this broken promise (or practical fixes) have you seen? Keep the ideas coming — this is the discussion we actually need. #StatePension #TripleLock #DeceptionByGovernment





In an interview with Sky's @AliFortescue, Nigel Farage reiterated his longstanding support for America's war with Iran, criticised the current state of the Royal Navy, and suggested Britain should “turn the other cheek” in response to an insult from Donald Trump.


‘It’s incomprehensible to me.’ ‘That is a lie!’ Dennis Reed and Ted Newson go head-to-head over whether the triple lock should be protected for pensions. 📺 Freeview 236, Sky 512, Virgin 604


Excellent news on Rosebank and Jackdaw. Let's crack on. thetimes.com/uk/politics/ar…




📽️THE TANKER There's an extraordinary race underway on the high seas, as nations vie to secure increasingly scarce shipments of fuel. In our latest on the economics of this conflict we track one such ship & ask: why is Britain so exposed? The answer is not v reassuring. Watch👇
Couldn't agree more with @CitySamuel today - I too was a reluctant Remainer, but everything that has happened since confirms we made the right decision to Leave. Exiting the EU is a prerequisite for any national revival thetimes.com/comment/column…









