Chancellor's autumn statement - Live

Daily Echo: George Osborne: He's been thinking hard about money George Osborne: He's been thinking hard about money

Live updates from the Chancellor's Autumn statement.

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12:09pm Thu 5 Dec 13

WILLIAM HAGUES TWIN BROTHER. says...

,,same old Gideon ,robbing the poor to give to the rich ,sad ,
,,same old Gideon ,robbing the poor to give to the rich ,sad , WILLIAM HAGUES TWIN BROTHER.

12:26pm Thu 5 Dec 13

good-gosh says...

It’s the same the whole world over
It's the poor wot gets the blame
It’s the same the whole world over It's the poor wot gets the blame good-gosh

1:00pm Thu 5 Dec 13

southy says...

A rise in numbers of Unemployment, come Feb and you see fall in the economy.
How can they give the wealthy tax breaks and the less wealthy paying more out in tax and getting lower wages working more hours and end up unemployed and expect a healthy economy or an improvement in the economy not going to happen, it should be the other way round, the wealthy do not create jobs "that is false propaganda to say it do" its consumers that create jobs, the more consumers there are the more jobs there is, One wealthy person do not spend as much in the economy as 100,000 people do and you make those 100,000 people unemployed its going to have a bad effect on the economy, and this is what cut backs do it makes people unemployed on mass
A rise in numbers of Unemployment, come Feb and you see fall in the economy. How can they give the wealthy tax breaks and the less wealthy paying more out in tax and getting lower wages working more hours and end up unemployed and expect a healthy economy or an improvement in the economy not going to happen, it should be the other way round, the wealthy do not create jobs "that is false propaganda to say it do" its consumers that create jobs, the more consumers there are the more jobs there is, One wealthy person do not spend as much in the economy as 100,000 people do and you make those 100,000 people unemployed its going to have a bad effect on the economy, and this is what cut backs do it makes people unemployed on mass southy

1:29pm Thu 5 Dec 13

southy says...

Raising the pension age will create higher unemployment so instead of paying pensioners we will be paying for higher unemployment
Raising the pension age will create higher unemployment so instead of paying pensioners we will be paying for higher unemployment southy

1:43pm Thu 5 Dec 13

southy says...

retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones
retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones southy

1:51pm Thu 5 Dec 13

southy says...

Its a false economy we live in
Its a false economy we live in southy

1:58pm Thu 5 Dec 13

Torchie1 says...

southy wrote:
retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones
You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement.
[quote][p][bold]southy[/bold] wrote: retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones[/p][/quote]You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement. Torchie1

2:17pm Thu 5 Dec 13

OSPREYSAINT says...

Torchie1 wrote:
southy wrote:
retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones
You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement.
As I found to my cost, paying into a Private Pension scheme is a waste of time if the interest rates remain low, you have to pay in an inordinate amount to get anything out.
[quote][p][bold]Torchie1[/bold] wrote: [quote][p][bold]southy[/bold] wrote: retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones[/p][/quote]You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement.[/p][/quote]As I found to my cost, paying into a Private Pension scheme is a waste of time if the interest rates remain low, you have to pay in an inordinate amount to get anything out. OSPREYSAINT

2:43pm Thu 5 Dec 13

southy says...

Torchie1 wrote:
southy wrote:
retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones
You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement.
No i not confused at all, I am to much of a realist to be confuse.
You higher the retirement age and the younger ones will suffer by not being able to get jobs till those people have retired, and what do this government want to do is extend the education years to counter act it, but who going to pay for it the state or out of people pockets given them even less money to spend in the economy, Capitalism do not work
[quote][p][bold]Torchie1[/bold] wrote: [quote][p][bold]southy[/bold] wrote: retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones[/p][/quote]You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement.[/p][/quote]No i not confused at all, I am to much of a realist to be confuse. You higher the retirement age and the younger ones will suffer by not being able to get jobs till those people have retired, and what do this government want to do is extend the education years to counter act it, but who going to pay for it the state or out of people pockets given them even less money to spend in the economy, Capitalism do not work southy

2:54pm Thu 5 Dec 13

Torchie1 says...

OSPREYSAINT wrote:
Torchie1 wrote:
southy wrote:
retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones
You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement.
As I found to my cost, paying into a Private Pension scheme is a waste of time if the interest rates remain low, you have to pay in an inordinate amount to get anything out.
I'm sorry that it didn't work for you but your actions were preferable to someone who thinks they are going to enjoy a long and happy retirement on £140 a week. Perhaps we should all do nothing and sit with our hands out waiting for Southy to provide all the answers, or maybe we should be realistic?
[quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]Torchie1[/bold] wrote: [quote][p][bold]southy[/bold] wrote: retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones[/p][/quote]You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement.[/p][/quote]As I found to my cost, paying into a Private Pension scheme is a waste of time if the interest rates remain low, you have to pay in an inordinate amount to get anything out.[/p][/quote]I'm sorry that it didn't work for you but your actions were preferable to someone who thinks they are going to enjoy a long and happy retirement on £140 a week. Perhaps we should all do nothing and sit with our hands out waiting for Southy to provide all the answers, or maybe we should be realistic? Torchie1

3:01pm Thu 5 Dec 13

southy says...

Torchie1 wrote:
OSPREYSAINT wrote:
Torchie1 wrote:
southy wrote:
retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones
You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement.
As I found to my cost, paying into a Private Pension scheme is a waste of time if the interest rates remain low, you have to pay in an inordinate amount to get anything out.
I'm sorry that it didn't work for you but your actions were preferable to someone who thinks they are going to enjoy a long and happy retirement on £140 a week. Perhaps we should all do nothing and sit with our hands out waiting for Southy to provide all the answers, or maybe we should be realistic?
The answer is to try real Socialism that is applied by real Socialist and not the so call socialism that been dealt out by Capitalist
[quote][p][bold]Torchie1[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]Torchie1[/bold] wrote: [quote][p][bold]southy[/bold] wrote: retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones[/p][/quote]You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement.[/p][/quote]As I found to my cost, paying into a Private Pension scheme is a waste of time if the interest rates remain low, you have to pay in an inordinate amount to get anything out.[/p][/quote]I'm sorry that it didn't work for you but your actions were preferable to someone who thinks they are going to enjoy a long and happy retirement on £140 a week. Perhaps we should all do nothing and sit with our hands out waiting for Southy to provide all the answers, or maybe we should be realistic?[/p][/quote]The answer is to try real Socialism that is applied by real Socialist and not the so call socialism that been dealt out by Capitalist southy

3:29pm Thu 5 Dec 13

OSPREYSAINT says...

Torchie1 wrote:
OSPREYSAINT wrote:
Torchie1 wrote:
southy wrote:
retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones
You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement.
As I found to my cost, paying into a Private Pension scheme is a waste of time if the interest rates remain low, you have to pay in an inordinate amount to get anything out.
I'm sorry that it didn't work for you but your actions were preferable to someone who thinks they are going to enjoy a long and happy retirement on £140 a week. Perhaps we should all do nothing and sit with our hands out waiting for Southy to provide all the answers, or maybe we should be realistic?
Being sorry won't make me any richer! Just be warned that it may cost you a lot more than you think if you expect to have a Pension that is decent enough to live on. The State Pension is never going to be enough, but it is better than nothing at all. No way should we get something for nothing, I get a State Pension because I paid all my dues when I was at work for 48 and three quarter years, and was able to, not everyone can do that through no fault of their own.
[quote][p][bold]Torchie1[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]Torchie1[/bold] wrote: [quote][p][bold]southy[/bold] wrote: retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones[/p][/quote]You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement.[/p][/quote]As I found to my cost, paying into a Private Pension scheme is a waste of time if the interest rates remain low, you have to pay in an inordinate amount to get anything out.[/p][/quote]I'm sorry that it didn't work for you but your actions were preferable to someone who thinks they are going to enjoy a long and happy retirement on £140 a week. Perhaps we should all do nothing and sit with our hands out waiting for Southy to provide all the answers, or maybe we should be realistic?[/p][/quote]Being sorry won't make me any richer! Just be warned that it may cost you a lot more than you think if you expect to have a Pension that is decent enough to live on. The State Pension is never going to be enough, but it is better than nothing at all. No way should we get something for nothing, I get a State Pension because I paid all my dues when I was at work for 48 and three quarter years, and was able to, not everyone can do that through no fault of their own. OSPREYSAINT

7:32pm Thu 5 Dec 13

Torchie1 says...

OSPREYSAINT wrote:
Torchie1 wrote:
OSPREYSAINT wrote:
Torchie1 wrote:
southy wrote:
retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones
You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement.
As I found to my cost, paying into a Private Pension scheme is a waste of time if the interest rates remain low, you have to pay in an inordinate amount to get anything out.
I'm sorry that it didn't work for you but your actions were preferable to someone who thinks they are going to enjoy a long and happy retirement on £140 a week. Perhaps we should all do nothing and sit with our hands out waiting for Southy to provide all the answers, or maybe we should be realistic?
Being sorry won't make me any richer! Just be warned that it may cost you a lot more than you think if you expect to have a Pension that is decent enough to live on. The State Pension is never going to be enough, but it is better than nothing at all. No way should we get something for nothing, I get a State Pension because I paid all my dues when I was at work for 48 and three quarter years, and was able to, not everyone can do that through no fault of their own.
Clearly the system has improved because the full pension can now be obtained after contributing for 30 years. You have an ingrained belief about things which will never be changed by anything I write. If you look at Fidelity Funds you can see annual growth of 6+% in the last three years which could have been held by you in an ISA and not a cent would have been paid in tax. If you want a good punt today, try Premier Oil bonds which can be held under ISA rules and promise a yearly 5% underwritten return until 2020. You won't make money being timid but don't be a victim and convince yourself that making money is only for the rich, anyone brave enough can do it. Disregard this if you believe money is better spent on the latest 56" TV, the latest iPhone or iPad, annual holidays etc etc etc.
[quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]Torchie1[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]Torchie1[/bold] wrote: [quote][p][bold]southy[/bold] wrote: retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones[/p][/quote]You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement.[/p][/quote]As I found to my cost, paying into a Private Pension scheme is a waste of time if the interest rates remain low, you have to pay in an inordinate amount to get anything out.[/p][/quote]I'm sorry that it didn't work for you but your actions were preferable to someone who thinks they are going to enjoy a long and happy retirement on £140 a week. Perhaps we should all do nothing and sit with our hands out waiting for Southy to provide all the answers, or maybe we should be realistic?[/p][/quote]Being sorry won't make me any richer! Just be warned that it may cost you a lot more than you think if you expect to have a Pension that is decent enough to live on. The State Pension is never going to be enough, but it is better than nothing at all. No way should we get something for nothing, I get a State Pension because I paid all my dues when I was at work for 48 and three quarter years, and was able to, not everyone can do that through no fault of their own.[/p][/quote]Clearly the system has improved because the full pension can now be obtained after contributing for 30 years. You have an ingrained belief about things which will never be changed by anything I write. If you look at Fidelity Funds you can see annual growth of 6+% in the last three years which could have been held by you in an ISA and not a cent would have been paid in tax. If you want a good punt today, try Premier Oil bonds which can be held under ISA rules and promise a yearly 5% underwritten return until 2020. You won't make money being timid but don't be a victim and convince yourself that making money is only for the rich, anyone brave enough can do it. Disregard this if you believe money is better spent on the latest 56" TV, the latest iPhone or iPad, annual holidays etc etc etc. Torchie1

10:12am Fri 6 Dec 13

southy says...

Torchie1 wrote:
OSPREYSAINT wrote:
Torchie1 wrote:
OSPREYSAINT wrote:
Torchie1 wrote:
southy wrote:
retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones
You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement.
As I found to my cost, paying into a Private Pension scheme is a waste of time if the interest rates remain low, you have to pay in an inordinate amount to get anything out.
I'm sorry that it didn't work for you but your actions were preferable to someone who thinks they are going to enjoy a long and happy retirement on £140 a week. Perhaps we should all do nothing and sit with our hands out waiting for Southy to provide all the answers, or maybe we should be realistic?
Being sorry won't make me any richer! Just be warned that it may cost you a lot more than you think if you expect to have a Pension that is decent enough to live on. The State Pension is never going to be enough, but it is better than nothing at all. No way should we get something for nothing, I get a State Pension because I paid all my dues when I was at work for 48 and three quarter years, and was able to, not everyone can do that through no fault of their own.
Clearly the system has improved because the full pension can now be obtained after contributing for 30 years. You have an ingrained belief about things which will never be changed by anything I write. If you look at Fidelity Funds you can see annual growth of 6+% in the last three years which could have been held by you in an ISA and not a cent would have been paid in tax. If you want a good punt today, try Premier Oil bonds which can be held under ISA rules and promise a yearly 5% underwritten return until 2020. You won't make money being timid but don't be a victim and convince yourself that making money is only for the rich, anyone brave enough can do it. Disregard this if you believe money is better spent on the latest 56" TV, the latest iPhone or iPad, annual holidays etc etc etc.
Not improved it was extended to 30 years from 28 years, but 13 weeks in each year stayed the same, what should be ask is what happens to the missing 39 weeks in each of the 30 years and the years that go beyond the 30 year period that don't get counted
[quote][p][bold]Torchie1[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]Torchie1[/bold] wrote: [quote][p][bold]OSPREYSAINT[/bold] wrote: [quote][p][bold]Torchie1[/bold] wrote: [quote][p][bold]southy[/bold] wrote: retirement age should be a choice after when you reach 50, its away to create jobs for the younger ones that are up and coming, raising the retirement age will take away jobs for the younger ones[/p][/quote]You appear to be confused about retirement age. You can retire at an age of your choice but the State Pension in years to come will not be paid until the age of 68. Anyone wishing to retire before then will have to fund it themselves and saving nothing towards it will not see them enjoy a happy retirement.[/p][/quote]As I found to my cost, paying into a Private Pension scheme is a waste of time if the interest rates remain low, you have to pay in an inordinate amount to get anything out.[/p][/quote]I'm sorry that it didn't work for you but your actions were preferable to someone who thinks they are going to enjoy a long and happy retirement on £140 a week. Perhaps we should all do nothing and sit with our hands out waiting for Southy to provide all the answers, or maybe we should be realistic?[/p][/quote]Being sorry won't make me any richer! Just be warned that it may cost you a lot more than you think if you expect to have a Pension that is decent enough to live on. The State Pension is never going to be enough, but it is better than nothing at all. No way should we get something for nothing, I get a State Pension because I paid all my dues when I was at work for 48 and three quarter years, and was able to, not everyone can do that through no fault of their own.[/p][/quote]Clearly the system has improved because the full pension can now be obtained after contributing for 30 years. You have an ingrained belief about things which will never be changed by anything I write. If you look at Fidelity Funds you can see annual growth of 6+% in the last three years which could have been held by you in an ISA and not a cent would have been paid in tax. If you want a good punt today, try Premier Oil bonds which can be held under ISA rules and promise a yearly 5% underwritten return until 2020. You won't make money being timid but don't be a victim and convince yourself that making money is only for the rich, anyone brave enough can do it. Disregard this if you believe money is better spent on the latest 56" TV, the latest iPhone or iPad, annual holidays etc etc etc.[/p][/quote]Not improved it was extended to 30 years from 28 years, but 13 weeks in each year stayed the same, what should be ask is what happens to the missing 39 weeks in each of the 30 years and the years that go beyond the 30 year period that don't get counted southy

7:00am Sat 7 Dec 13

skeptik says...

Seen it all time and time again, from Maudlin who left a note for the incoming chancellor 'Sorry about the mess old son'. Tony Barber when we thought the banks were going to go bust. Healey and Callaghan with the pound in our pockets - Harold told us it was all good! Political supporters still believe that this time our lot will get it right just as they have time after time believed it. We change parties and personalities but the same rotten old game is played by both teams and we get to buy the tickets at inflated prices.
Seen it all time and time again, from Maudlin who left a note for the incoming chancellor 'Sorry about the mess old son'. Tony Barber when we thought the banks were going to go bust. Healey and Callaghan with the pound in our pockets - Harold told us it was all good! Political supporters still believe that this time our lot will get it right just as they have time after time believed it. We change parties and personalities but the same rotten old game is played by both teams and we get to buy the tickets at inflated prices. skeptik

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