Not A Good Budget For An Insurance Company Fat Cat Who Smokes Heavily!
I have never understood why pensioners had to buy an annuity to give themselves an income in the last years of their lives.
In fact after hearing Adrian Chiles talking about his ideas for pensions, I vowed that unless it was a capital offence, I wouldn’t buy one!
So George Osborne did the honest thing and has made it that no-one will have to buy one any more. It’s all reported here in Citywire. Here’s the summary.
The government has unveiled a landmark overhaul of pensions drawdown and has abolished the 55% tax on pre-retirement pension withdrawals, meaning no one will have to buy an annuity.
From April 2015 people will be able to access pension savings as they wish at the point of retirement, subject to their marginal rate of income tax, rather than the current 55% charge for full withdrawal.
This had two immediate consequences.
Insurance company shares dropped as reported here in the Guardian.
George Osborne was put on a stop list of those, who aren’t entitled to buy insurance.
But well done George, as he also put the tax up on fags, although he was gentle with beer and cider.
Badgers Are More Important To MPs Than Stephen Lawrence
Ann Treneman in her parliamentary sketch in The Times was discussing badger day at Westminster.
She said that the Chamber was full of wildlife of another sort: at least three times more MPs showed up yesterday than for last week’s statement on Stephen Lawrence.
Is Islington Council Run By Labour Or Sainsburys?
As I walked past Islington Town Hall today, there was a guy outside holding up a placard, bearing the title of this post.
Is Islington Council Run By Labour Or Sainsburys?
As I’m not an Islington resident and don’t know too much about the intracacies of the local politics, I was a bit baffled. Especially, as it seemed to be a one man protest.
I did find this story on the Islington Tribune site, so it could be about converting the cop shop in Highbury into a Sainsburys
I Bet This Story Is Raising A Few Laughs In Suffolk
This story from BBC Norfolk, about how a fire station it Downham Market in Norfolk is probably raising a few laughs in Suffolk. Here’s the first part.
A Norfolk fire station gutted in a blaze that destroyed a fire engine was not fitted with sprinklers or alarms.
Norfolk’s deputy chief fire officer Roy Harold accepted the service should have followed its own advice.
It’s probably a warning to us all, to check our fire alarms and smoke detectors.
Would You Buy A Political Idea From This Man?
Gordon Brown is going to outline his ideas for better power sharing between London and Edinburgh. It’s all here on the BBC.
I doubt anybody will be listening!
I certainly won’t be, as he was one of the idiots, who saddled the UK with that useless bank, the Royal Bank of UK Taxpayers, for which we are all still paying.
It would have been so much cheaper to liquidate it and then pay everyone who lost out in taxpayers money. But that would have meant Labour losing all votes in Scotland!
Are Lawyers Going To Be The Biggest Beneficiaries Of The Scottish Independence Referendum?
In a front page story today, the Sunday Times says that a leading lawyer is going to mount a challenge under EU law, that expatriate Scots should be allowed a vote in the upcoming Scottish Referendum.
You can rest assured, that at the bottom of every big argument, there is a lawyer stirring the pot and trousering a few large fees.
It doesn’t affect me, as the only thing Scottish in my veins is the odd glass of Bells!
Come To Christ And Get A Free Gun
I didn’t believe the story in the Times that the Lone Oak Baptist Church is giving all new members a gun. But it’s all over the web, including here on the New York Daily News.
Let’s hope they don’t open a branch in London!
Would You Trust These Politicians In High Office?
There has been a lot of bad pieces written about the involvement of Patricia Hewitt, Jack Dromey and Harriet Harman, whilst at the National Council for Civil Liberties, with the odious Paedophile Information Exchange.
I did read an article in The Times by David Aaronovitch, where he confessed to a silly act in the 1970s and said that it was a difficult era. I regret a few things I did in those far off days, but none have ever been or will ever be a criminal offence.
Patricia Hewitt has now apologised and said that it was wrong for the NCCL to be involved with PIE. The others may or may not do the same, but will the voters trust these three senior Labour politicians in the future, as surely their judgement has been shown to be flawed.
The Government Has Second Thoughts On Central European Time
The MP, Rebecca Harris is to introduce a Private Members Bill, that will bring in Central European Time on a trial basis. It’s reported here on the BBC.
It might make my life better, as I’m a very early riser, but would that be beneficial to me or not.
It would mean that I’d wake at six rather than five, just as the various breakfast news programs are starting.
But it won’t get to law, as some backwoodsman will say no! And Ulster always says no!
Interestingly, last time, it was debated, a lot of Scottish institutions backed the change, although some MPs didn’t.
Having looked after horses for a lot of the last forty years, the arguments about farming are spurious in my view. I’ve never found an animal that can tell the time, but all of them manage their lives by the light levels.
The Anonymous Widower 