Member Info for 67Sam

WW
"the benefit of paying into a fund which is what all pensions did in paying into the state pension"
LTI is correct in saying there is no "fund" - this is quite a crucial point. We just have a record of qualifying years credits and a political commitment that we will be paid the level of pension decided for the year we become eligible. That will be based on the amount of public spending that is deemed affordable, not from an accrued pot of money that exists somewhere as with private pensions. Similarly with public sector pensions some eg NHS are paid from that years receipts instead, others eg Local Authorities are paid out of drawings from an asset backed fund.

Agreed words are tricky but we have to do our best with them. I am not trying to twist your meaning. I guess the distinction I would make is that workplace or private pensions were historically an individuals choice to invest in or not and they remain personal investments not "benefits" which I am using in the context of state provision rather than personally owned wealth.

WW
There are a range of non means tested benefits of which State Pension is one. It is a universal, non-means tested benefit available to all, at stepped rates according to how many contributing years of NI Credits someone has by the time they reach the age where it becomes payable. There are also non-contributory non means tested benefits such as disability or carer related claims that are ignored from income and do not require NI credits.
Pension Credit is a means tested benefit so it is targeted on ensuring a basic level fo income almost equivalent to the State Pension for those that didn't accrue enough credits and hove minimal other assets.
There are also statutory benefits payable for sick pay maternity leave etc payable through your employer.
I don't really enjoy being pedantic but its a necessary part of challenging the misperception that "benefits" are something just for scroungers to claim.

So she gets the equivalent of £2.5k per annum for every one of the 44 days in power?
*****.

beat
Look at the duration of claims in the link below, it doesn't quite fit your statement. Perhaps there are also low income households you deliver to that are less visible than your long term scrounger stereotype?

https://www.ethnicity-facts-figures.service.gov.uk/work-pay-and-benefits/benefits/jobseekers-allowance-how-long-people-claim-for/latest
"I feel justified in taking the £400"
As I said before, it is a matter of personal belief that you feel justified in taking this but others should be "forced to work".

"values and believes"
values and belief

"Because its fair, why not?"
I would suggest a better use of public funds is to ensure they are used to help people whose need is because of their low income, instead of a generalised handout for all.
Which of those choices is "fair" is a question of the values and believes you hold in relation to the purpose of state help.

"We do not expect anything from anyone"
Are you giving back your state pension in the future, or do you expect that?
"Why the hell should pensions and benefits go up by inflation"
I don't think there is any choice for working age benefits, unless you fancy trying to make £77 per week sustain a human life.
State Pension is far more generous at £185 per week, but hardly a luxurious sole income.
Why are rich people getting help with energy costs? Do you think thats crazy government as well - or just greed?

"faith that 10 billion will be peak and climate will normalise before Armageddon arrives is I reckon misplaced"
agreed
UN still maintains exceeding 11 billion by 2100.
Those that contest their argument estimate 9.6 Billion.
Imagine that in the context of rises in sea level of 1m by mid century with potential to reach 2m by 2100.
Go figure.

"public have no faith in this Gov"
Im glad they have caught up.

"Hour by Hour.....minute by minute"
Let's wait and see what is said by Hunt at 3.30 - and the market reaction in the hour afterwards.

"Lloyds was in the process of becoming a landlord en scale, how has this been working out?"
Im also interested to see how that progresses. Bit of a wild card - no experience of letting and housing management, they are trying to mitigate by partnerships with developers and buying new builds off plan. I imagine theres risk of equity loss as they believe they can be teh UK biggest landlord within five years. Their real commitment to the programme is fairly questionable right now going by their web presence https://www.citra.co.uk
Potentially, if they achieve their goal it's a regular diversified income and more opportunities to provide associated products and long term equity increase. Middle income commuters fitted out with new build flats in towns with employment seem to be their target market.
Heres what they bought into in June:
https://www.insidermedia.com/news/south-east/citra-living-buys-riverside-park-properties

Hardup, have you looked at LLoy and FTSE 100 for last two hours?

"Volatility due to a lot of people needing incontinence pads"
Not quite the technical analysis I have come to expect from you.
But certainly a feeling I can relate to personally, as a long term Lloyds shareholder.

Far End
"the Beta value has increased"
Random google of that suggests returns on lloyds are 121% more volatile than the FTSE 100.
Good answer.

WW
"67Sam, it’s the UTURN, plain and simple."
Oh, OK. Thanks for reply. So it's the U turn that the government haven't done yet, but everyone thinks is inevitable.
That should be OK then. Its not like they would lose all credibility and have the country becomes destabilised by another flux of leadership.
Great. I do love a share bounce.

Anyone want to share their view why the share price has yo yo'd so much yesterday and today?
I was surprised by todays recovery, I had expected it to remain below 40p.
Other than pricing in a Truss u turn, which may or may not happen, what else has returned it back into the 40's?

"ranging from the nonsensical to the outright offensive".
Yep, cant fault that.

So where have the last days posts gone?

"The UK under the last Labour government will be looked upon as halcyon times for this country."
Blair is a war criminal.