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Here I am talking around @StepChange debt awareness week report.
More videos to follow on my Instagram channel if you're not already following, check it out:
instagram.com/reel/C4qW5ffIE…
Charlie retweeted
My latest cartoon for tomorrow's @Telegraph
Buy a print of my cartoons at telegraph.co.uk/mattprints
Original artwork from chrisbeetles.com
Yeah still think my plan of selling my "young" blood to tech billionaires so I can age myself to the State Pension Age is probably the best financial plan I can think of right now...
Charlie retweeted
Optimistic October - Day 28: Ask yourself, will this still matter a year from now? actionforhappiness.org/optim… #OptimisticOctober
Charlie retweeted
we had loads of international sound engineers when in the EU
there was a lad from Sweden
and a Czech one too
Andy Burnham leaves door open to referendum on EU free movement bbc.in/4yH5QK2
Charlie retweeted
The Spanish reacting to Harry Kane’s win last night is brilliant 😂😂😂
GO ON HARRY 🏴🏴🏴
Charlie retweeted
Today we lost Walter Koenig.
Some thoughts about a fine actor and an exceptional human being...
Charlie retweeted
Optimistic October - Day 27: Be kind to yourself today. Remember, progress takes time actionforhappiness.org/optim… #OptimisticOctober
Charlie retweeted
Interestingly, this only works as a hard-luck story because it's a house. If she owned an impressionist painting or owned a stable of Bugattis, everyone would just shrug and tell her to sell. @larsiusprime
Charlie retweeted
Unfortunately not, and this is the problem. The average pensioner receives substantially more in pensions, health and other benefits than they contributed in tax/NI during their working lives. (Difficult to calculate but some estimates put the average difference at around £200K). The reasons for this underfunding are 1. the ‘contributions’ were not saved - they have already been spent and 2. the level of contribution was calculated when life expectancy was 65 and people died after short illnesses, rather than spending 20 years or more receiving pensions and increasingly expensive healthcare. The fact that we can’t afford the current pension arrangements is not a moral issue; it’s a mathematical one.
This does not protect those saving for their retirement, quite the opposite...
The trade off for more protections for pensioners is more taxation on workers.
Exclusive:
The chancellor will use his budget this week to protect pensioners and those saving for their retirement as he announces plans to shield nearly one million people from paying income tax
John Healey is expected to confirm on Wednesday that the full state pension will rise by £489 to £13,036 - equivalent to 3.9%
However, the rise will push about one million people on low incomes who rely on the state pension above the £12,570 personal allowance threshold, meaning they would be dragged into paying income tax
To retain the principle that the state pension is not taxable, Healey is expected to announce a rise in the tax-free allowance for low-income pensioners to £13,036. The move will cost taxpayers £200m a year by 2030
It will rise in line with increases in the state pension over the course of this parliament. However, millions of pensioners with higher incomes - such as those who have private pensions - will still pay income tax
The Times has also been told that the chancellor has decided not to reduce the tax-free pension lump sum. Pension savers can take 25 per cent of their pension tax-free from the age of 55 up to a maximum of £268,275
There were suggestions that Healey could reduce the tax-free amount to £100,000, but he has chosen to retain the current level
The moves to protect pensioners and those saving for their retirement come after Andy Burnham announced plans to end the pensions triple lock - under which the state pension rises in line with inflation, wages or 2.5 per cent - in 2030 to help fund social care
thetimes.com/article/47291ec…
Charlie retweeted
Women are much more likely to have incomplete state pension entitlement btw. Logically they will benefit less from this weird new allowance, as their issue is more likely to be insufficient NI not a very small tax bill.
Charlie retweeted
Someone aged 35 earning £13,036 from employment would pay income tax on the amount above £12,570.
Someone aged 70 receiving £13,036 entirely through the state pension would, under the proposed arrangement, pay nothing.
This doesn’t seem fair.
Exclusive:
The chancellor will use his budget this week to protect pensioners and those saving for their retirement as he announces plans to shield nearly one million people from paying income tax
John Healey is expected to confirm on Wednesday that the full state pension will rise by £489 to £13,036 - equivalent to 3.9%
However, the rise will push about one million people on low incomes who rely on the state pension above the £12,570 personal allowance threshold, meaning they would be dragged into paying income tax
To retain the principle that the state pension is not taxable, Healey is expected to announce a rise in the tax-free allowance for low-income pensioners to £13,036. The move will cost taxpayers £200m a year by 2030
It will rise in line with increases in the state pension over the course of this parliament. However, millions of pensioners with higher incomes - such as those who have private pensions - will still pay income tax
The Times has also been told that the chancellor has decided not to reduce the tax-free pension lump sum. Pension savers can take 25 per cent of their pension tax-free from the age of 55 up to a maximum of £268,275
There were suggestions that Healey could reduce the tax-free amount to £100,000, but he has chosen to retain the current level
The moves to protect pensioners and those saving for their retirement come after Andy Burnham announced plans to end the pensions triple lock - under which the state pension rises in line with inflation, wages or 2.5 per cent - in 2030 to help fund social care
thetimes.com/article/47291ec…
Charlie retweeted
This is what happens when you don’t build a single new reservoir since 1992, and grow your population by 12 million people in the meantime.
Exc: Ministers have been secretly warned that some English reservoirs are at risk of running dry, hitting water supplies to homes in the run-up to Christmas.
The government’s emergency committee, known as Cobra, is meeting up to twice a week to discuss the situation in the southwest of England and Sussex.
A secret “reasonable worst-case scenario” was drawn up, anticipating that several reservoirs’ water stocks could fall to 0 per cent — dubbed “day zero” — within weeks.
Officials warned that without action, supplies to some homes could be affected, along with disruption to the construction of a nuclear power station and operations at a prison.
Steps have been taken by ministers and water companies to try to mitigate the risks, which insiders stressed were already starting to push back the “day zero” dates.
Experts on the government’s Scientific Advisory Group for Emergencies (Sage) have also been brought in to help review water companies’ modelling for protecting stocks for the weeks ahead.
Heatwaves over the summer left half of England in drought. Sussex and the southwest were the most severely affected.
Wimbleball reservoir, which supplies more than 400,000 people in Somerset, has 13 per cent of its capacity, while Ardingly, which serves 280,000 customers across West Sussex, is at 17 per cent, figures from yesterday show.
Reasonable worst-case scenario plans were drawn up by the government, setting out a “day zero” envisaging Wimbleball and Ardingly reservoirs’ stocks being completely depleted by December.
Subsequently, the government privately said it was told by South West Water that it did not anticipate Wimbleball running dry due to measures it had put in place. South East Water is also taking action that has shifted Whitehall “day zero” forecasts at Ardingly into next year. Even if the reservoirs did run completely dry, water companies would probably be able to transfer supplies from elsewhere.
However, significant concerns remain in government about water disruption to properties supplied by Devon’s Venford reservoir in early November. “Day zero” risk monitoring has also started for Cornwall’s Stithians and Drift reservoirs.
Water companies were asked to model the impact of water-saving measures, which have been scrutinised by members of Sage. Ministers were told that shortages could affect daily operations at HMP Exeter and the construction of Hinkley Point C, a nuclear power station being built in Somerset.
Normal levels of rainfall over autumn and winter will not be enough to counteract the effects of the drought, which was extended to cover Yorkshire this month. Officials have calculated there will need to be 120 per cent of long-term average rainfall over the next six months for a nationwide recovery.
Charlie retweeted
Why should a pensioner on a £13K income be exempt from income tax when a person of working age is not? Those of working age do not receive free travel or all sorts of other discounts to which pensioners are entitled. We do not exempt people from tax based on how many dependents they have, or how much housing in their area costs, so why exempt individuals based on age?
John Healey, the chancellor, is expected to announce a 3.9 per cent rise to the full state pension while protecting those on lower incomes from income tax thetimes.com/uk/politics/art…
Charlie retweeted
#journorequest And I'm looking to speak to some agents for celebs to potentially set up some interviews for my 'How I Manage My Money' series for @theipaper. Please email me at [email protected] if this is you or you can help. Thanks!
Monday.
My latest cartoon for tomorrow's @Telegraph
Buy a print of my cartoons at telegraph.co.uk/mattprints
Original artwork from chrisbeetles.com
I think this tweet might have summed up my political feelings perfectly.
As the great Ron Swanson once said:
"Never half-ass two things, whole-ass one thing"
Replying to @MortgageMikeN2
I want one of two things…
Proper solutions
Or
Chaos
This in between shit, just annoys TF out of me

































