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So, Labour has lost its honeymoon period after three weeks because they're attacking the

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old and the young. So, we've got a winter fuel payment, which is stopped for millions

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of pensioners this year to recoup what is called a black hole, but the actual funding

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is transparent and can be easily located. This is another rob by Rachel Reeves, who's

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speaking in the comments on Monday. So, there's a lot of cost cutting at the moment where

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probably not needed because they've already spent the money and they're trying to blame

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everybody that they can put themselves. So, got several cost cuttings including a surprise

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scaling down of the 1F payment designed to help pensioners stay warm in the colder months.

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So, this is a means tested rather than a flat amount for OAPs. So, it'll be harder to get

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and for those people really on the bread line who can't get pension credit, it means they're

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sort of going down the list and having less money because they're neither rich or they're

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neither poor enough to get pension credit. So, she said, I'm making the difficult decision

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that those not in receipt of pension credit will no longer receive the Winter Fuel payment

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from this year onwards. Let me be clear, this is not a decision I wanted to make, she added

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nor is it one I expect to make. Well, she's made the decision in an enormous amount to

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junior doctors. I mean, it's sort of 20% and most doctors around that level, they would

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also get 25% of that as part of the pension. So, it is a huge amount and that will bring

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others on that the GPs will want to know, the nurses will want to, you know, there's

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a lot of people in the back queue, GPs, nurses, police, firefighters, maybe civil servants

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can be in a junior civil servants. So, that's one side of it. There's this thing about making

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it better for pensions but what I've seen, I'll do another one on this. There's just

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a pension's grab because you can't see it at the moment until you retire. I mean, if

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you're at or near retirement age, it's very difficult to actually find work, you know,

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consistent work and the problem is that this is just an initial cost grab. We've got the

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pension grab which will be about sort of, oh look, we'll make it better and cleaner

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and what have you. But there's a lot of red tape at the moment where it makes it very

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difficult to invest in the good companies, the companies that can protect you. If you

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don't have a certain documentation, there's a cartel that you can only get the European

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products which aren't as good as a lot of the products created as part of an ETF and

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if the companies don't want to produce this documentation, you can't buy it unless you

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have a high net worth or a sophisticated trader. So, they're just making it sort of,

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they can get more from fees, entry fees because a lot of the products that have been introduced

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where they're sort of free on the employee side, the people that are sort of employees,

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they're taking the brunt of all of the costs and frankly when I've looked at a lot of these,

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the returns after the relevant buying costs, ongoing costs, the spread of buying the product,

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they're well below the average returns and it's just woeful that more people aren't taking

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this under their umbrella where you can get a number of these products in a wrapper and

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you pay rather than paying something like 1%, you're paying 0.2% and then you just buy

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the index. So, I think that I'll do another piece on this. I think that this is another

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grab and the interesting other grab is they're starting with what they determine is private

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schools which is determined to be elitist. Well, a lot of parents want Beth for their

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education. They don't pay for it up front, they pay for it through the mortgage which

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they probably pay it multiple times. Now, as well, it isn't just paying the fees, there's

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lots of trips, there's lots of specialist sports and functions that the parents have

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to pay for. So, this is the first time where they're going to VAT education. Now, when I've

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looked at the stats for anything related to kids in VAT, if you are an individual who

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educates a child so they want sort of cramming for their exams, you don't or can't charge

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VAT. Now, it is interesting that if you dive a bit further, sort of the local authority

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schools and claim back VAT and they keep that very, very quiet but they do. So, you're going

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to have a situation either where a load of these individuals are going to determine that

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it's too expensive and what they will do is that they will say, we'll take out our children

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from all primary and secondary school and put them in the state school. So, that's one

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scenario. I mean, I've been speaking to a lot of people and I've got one person who's

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teaching a class which has got two years in it and it's crammed to the rafters. You can't

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actually get any more tables and chairs in there. And another one that's got something

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like 34, 36 children in a single class. I mean, this is just crazy. But then the other

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side is that when the, I mean, I'm going to ignore the top 20% because even if the fees

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were put up by 100%, they wouldn't see the size. They wouldn't see this change. The other

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thing is that you're going to get the rest of maybe the sort of, I would suspect that

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40% would say it's getting too expensive. We can't afford it. It's just the straw that

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broke the camel's back. And then the other 40%, what they will do is they would economize.

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They're probably quite inclined to do a number of functions. Anything that they can actually

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not have to pay for, they're not going to pay for them to actually make it streamlined.

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So this sort of action is going to be very detrimental to the the club industry, the

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takeaway industry, the restaurant industry and any other entertainment industry. Because

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I think these people are just going to cut the cloth dramatically from now when it comes

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in the first of January next year. But that's one side, which is going to cause an almighty

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amount of pain. Because those people are the right age that they haven't sort of spent

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that they want to go out, they want to enjoy themselves, they want to eat, they want to

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socialize, they want to have alcoholic and non-alcoholic drinks and snacks and enjoy themselves

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going out to cinema and theaters. But that's all going to come to a grinding halt for that

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element. But it may go even further that some of these people will actually act up and actually

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move their children to be educated in the baccalaureate, which will mean upsticking and maybe taking

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hundreds of thousands of people to Europe, to America's because frankly they are welcome

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these people with open arms. But if we start the VAT attack on children, because this isn't

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the VAT attack on children fundamentally, where does it end? So are we going to change

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VAT on clothing? Are we going to change VAT on other products? Rated for children and

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babies, etc. It's a thin end of the wedge that the current party in power are going

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for the young, the people that aren't voters because their parents will pick up the tab

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or society will pick up the tab. And you've got people who can't actually fight back or

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do a great deal because they have retired and the majority of these people have worked

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all of their life to be smacked in the face by having to think about whether they eat

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or eat their hope. So there's probably going to be a lot of people that are going to go

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down to locations which are warm where they can stay and reason them at the time. I've

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seen a lot of people in the supermarket just walking around and then ending up in the restaurant.

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I've seen people who will actually spend an entire time from sort of 10 o'clock until

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four o'clock in a library if they're still open. And other people will find any location

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where they can just nurse a coffee and be able to sit there for a very, very long time

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because it's cheaper than being home and putting the heating on. So this is going to

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lead on to a potential of more fractures in the hospitals. So personally doing the calculations

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for the number of teachers that they're going to create out of thin air, I believe that

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they're not going to generate enough money over the long term to actually be able to

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do this. And the other thing is that you've got hundreds of thousands of kids now in

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over coming years who will not get that correct education, safety and well-being that you

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can get with a lot of these particular schools. So yeah, I mean if you could please subscribe

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and comment on my channel as well, share it with other friends because I believe that

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very soon we will see that labour three weeks the honeymoon is over. Bye bye.