So, Labour has lost its honeymoon period after three weeks because they're attacking the
old and the young. So, we've got a winter fuel payment, which is stopped for millions
of pensioners this year to recoup what is called a black hole, but the actual funding
is transparent and can be easily located. This is another rob by Rachel Reeves, who's
speaking in the comments on Monday. So, there's a lot of cost cutting at the moment where
probably not needed because they've already spent the money and they're trying to blame
everybody that they can put themselves. So, got several cost cuttings including a surprise
scaling down of the 1F payment designed to help pensioners stay warm in the colder months.
So, this is a means tested rather than a flat amount for OAPs. So, it'll be harder to get
and for those people really on the bread line who can't get pension credit, it means they're
sort of going down the list and having less money because they're neither rich or they're
neither poor enough to get pension credit. So, she said, I'm making the difficult decision
that those not in receipt of pension credit will no longer receive the Winter Fuel payment
from this year onwards. Let me be clear, this is not a decision I wanted to make, she added
nor is it one I expect to make. Well, she's made the decision in an enormous amount to
junior doctors. I mean, it's sort of 20% and most doctors around that level, they would
also get 25% of that as part of the pension. So, it is a huge amount and that will bring
others on that the GPs will want to know, the nurses will want to, you know, there's
a lot of people in the back queue, GPs, nurses, police, firefighters, maybe civil servants
can be in a junior civil servants. So, that's one side of it. There's this thing about making
it better for pensions but what I've seen, I'll do another one on this. There's just
a pension's grab because you can't see it at the moment until you retire. I mean, if
you're at or near retirement age, it's very difficult to actually find work, you know,
consistent work and the problem is that this is just an initial cost grab. We've got the
pension grab which will be about sort of, oh look, we'll make it better and cleaner
and what have you. But there's a lot of red tape at the moment where it makes it very
difficult to invest in the good companies, the companies that can protect you. If you
don't have a certain documentation, there's a cartel that you can only get the European
products which aren't as good as a lot of the products created as part of an ETF and
if the companies don't want to produce this documentation, you can't buy it unless you
have a high net worth or a sophisticated trader. So, they're just making it sort of,
they can get more from fees, entry fees because a lot of the products that have been introduced
where they're sort of free on the employee side, the people that are sort of employees,
they're taking the brunt of all of the costs and frankly when I've looked at a lot of these,
the returns after the relevant buying costs, ongoing costs, the spread of buying the product,
they're well below the average returns and it's just woeful that more people aren't taking
this under their umbrella where you can get a number of these products in a wrapper and
you pay rather than paying something like 1%, you're paying 0.2% and then you just buy
the index. So, I think that I'll do another piece on this. I think that this is another
grab and the interesting other grab is they're starting with what they determine is private
schools which is determined to be elitist. Well, a lot of parents want Beth for their
education. They don't pay for it up front, they pay for it through the mortgage which
they probably pay it multiple times. Now, as well, it isn't just paying the fees, there's
lots of trips, there's lots of specialist sports and functions that the parents have
to pay for. So, this is the first time where they're going to VAT education. Now, when I've
looked at the stats for anything related to kids in VAT, if you are an individual who
educates a child so they want sort of cramming for their exams, you don't or can't charge
VAT. Now, it is interesting that if you dive a bit further, sort of the local authority
schools and claim back VAT and they keep that very, very quiet but they do. So, you're going
to have a situation either where a load of these individuals are going to determine that
it's too expensive and what they will do is that they will say, we'll take out our children
from all primary and secondary school and put them in the state school. So, that's one
scenario. I mean, I've been speaking to a lot of people and I've got one person who's
teaching a class which has got two years in it and it's crammed to the rafters. You can't
actually get any more tables and chairs in there. And another one that's got something
like 34, 36 children in a single class. I mean, this is just crazy. But then the other
side is that when the, I mean, I'm going to ignore the top 20% because even if the fees
were put up by 100%, they wouldn't see the size. They wouldn't see this change. The other
thing is that you're going to get the rest of maybe the sort of, I would suspect that
40% would say it's getting too expensive. We can't afford it. It's just the straw that
broke the camel's back. And then the other 40%, what they will do is they would economize.
They're probably quite inclined to do a number of functions. Anything that they can actually
not have to pay for, they're not going to pay for them to actually make it streamlined.
So this sort of action is going to be very detrimental to the the club industry, the
takeaway industry, the restaurant industry and any other entertainment industry. Because
I think these people are just going to cut the cloth dramatically from now when it comes
in the first of January next year. But that's one side, which is going to cause an almighty
amount of pain. Because those people are the right age that they haven't sort of spent
that they want to go out, they want to enjoy themselves, they want to eat, they want to
socialize, they want to have alcoholic and non-alcoholic drinks and snacks and enjoy themselves
going out to cinema and theaters. But that's all going to come to a grinding halt for that
element. But it may go even further that some of these people will actually act up and actually
move their children to be educated in the baccalaureate, which will mean upsticking and maybe taking
hundreds of thousands of people to Europe, to America's because frankly they are welcome
these people with open arms. But if we start the VAT attack on children, because this isn't
the VAT attack on children fundamentally, where does it end? So are we going to change
VAT on clothing? Are we going to change VAT on other products? Rated for children and
babies, etc. It's a thin end of the wedge that the current party in power are going
for the young, the people that aren't voters because their parents will pick up the tab
or society will pick up the tab. And you've got people who can't actually fight back or
do a great deal because they have retired and the majority of these people have worked
all of their life to be smacked in the face by having to think about whether they eat
or eat their hope. So there's probably going to be a lot of people that are going to go
down to locations which are warm where they can stay and reason them at the time. I've
seen a lot of people in the supermarket just walking around and then ending up in the restaurant.
I've seen people who will actually spend an entire time from sort of 10 o'clock until
four o'clock in a library if they're still open. And other people will find any location
where they can just nurse a coffee and be able to sit there for a very, very long time
because it's cheaper than being home and putting the heating on. So this is going to
lead on to a potential of more fractures in the hospitals. So personally doing the calculations
for the number of teachers that they're going to create out of thin air, I believe that
they're not going to generate enough money over the long term to actually be able to
do this. And the other thing is that you've got hundreds of thousands of kids now in
over coming years who will not get that correct education, safety and well-being that you
can get with a lot of these particular schools. So yeah, I mean if you could please subscribe
and comment on my channel as well, share it with other friends because I believe that
very soon we will see that labour three weeks the honeymoon is over. Bye bye.