Thursday 19 March 2015

Budget

I see that the budget took place back at home today.

A quick look at the news shows it to be a piece of shameless electioneering.

The bit that caught my eye is the decrease, yet again, in the lifetime pension tax free allowance by another 20% to £1m, which may sound like a lot of money but really isn't over a lifetime of pension savings, and then isn't a huge amount to fund a hopefully long retirement and ensure we don't become a burden on the state eventually.

However there won't be much of an outcry about this because it will come across as though it is the whinging middle classes. And the Chancellor knows this so he gets away with it. What a git.