I wouldn't spend too much time fretting about the 1% right now. Spending too much time looking at the detail on one particular small aspect of
any pay/retirement system is radar clutter and misses the bigger picture (namely; that we will quite possibly see a combined NI/Income tax system being introduced).
http://www.hm-treasury.gov.uk/d/ots_...nal_report.pdf
Forget the CPI/RPI pension debate for one moment, forget hoiking 1.2% on the SFA garage.. is this another one in the eye for pensioners and those who have been paying over the odds for years or is it a case of 'simples is best'? Simplification is a
great idea but it needs to be fair and whilst NI has become the great NHS funding scheme, those who have paid good money into it would be deprived of benefits that they have already purchased and those, who have not paid, would get benefits to which they are not 'entitled'.
God, it makes my brain hurt. Sorry, back to the topic. As ever right now, all we can do is sit back with a stiff gin and wait for the Budget!
