Comments by "Steve Parker" (@steveparker8065) on "Economist deconstructs Jeremy Hunt's budget" video.

Tories handed our cash to the top 1% again including rich pensioners (who predominantly vote Tory). They made cynical concessions to the poor with childcare and extending the price cap. 30hrs of childcare won't help people get a job, it's short term in the long term the same problems of costs and availability still exist. Especially since there aren't enough workers in childcare to cope with the increase. £2500 price cap doesn't affect the poorest, we can't afford to spend that much on energy. small businesses will suffer greater costs while multinationals will continue to thrive. For the poor, this budget is about as much use as an ashtray on the international space station...
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@henryphillips3680 You don't understand the pension changes and speak from a lack of knowledge. They have given allowances to millionaires and high earners that used to be capped at £1million and now has no limit, those aren't public sector workers. They have increased the annual pension saving cap from £40,000 to £60,000. Do you know any poor pensioners who have a spare £60k to save every year? Try to read before typing...
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@henryphillips3680 The £40-60k you speak of is savings towards a pension, if you know any public sector workers who can afford to save 60k a year in their pension pot let me know. The fact that £1million has been uncapped means that the average UK pension of £18,772 would take 53 years to meet the cap. Do you know anyone who lives 53 years after retirement? Even assuming you get 40 years after retirement the cap will only aid those getting more than £25k a year from their pension, most people don't earn that in work, let alone after they retire. This only affects the wealthy! So you are not using knowledge or your own intellect, you're listening to Tory spin. Check the figures and analysis I've given you using your own methods, If you don't trust me try the economic experts saying the same as me. I'd recommend Gary's economics and critical thinking. Stop relying on PR and spin...
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@marialee-smith6772 It would seem you not only misunderstood the changes but are unable to read my previous reply. "You don't understand the pension changes and speak from a lack of knowledge. They have given allowances to millionaires and high earners that used to be capped at £1million and now has no limit, those aren't public sector workers. They have increased the annual pension saving cap from £40,000 to £60,000. Do you know any poor pensioners who have a spare £60k to save every year?" It only benefits people who can afford to add an extra 60k to their pension annually and people who expect to get paid more than £1 million in pensions...
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@kevinsyd2012 Please read my previous replies regarding £1,000,000 divided by the average pension time calculation of 20-25 years. A 1 Mil pension over 25 years is £40,000 per annum. That's far more than the average Brit gets as wages. Also the increase in pension savings of £20k a year from £40-60k, do you know anyone who can afford to put £60k extra into their pension scheme annually who is poor?
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@kevinsyd2012 You are wrong and it's a waste of life trying to correct you yet again. Watch the video or read the story for a better understanding. It's like trying to teach a whale to fly...
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@kevinsyd2012 Most people don't make £48k per annum let alone have the finances to pay £48k a year into a pension scheme. This only profits the wealthy!!! It's like trying to talk a trifle into sapience...
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