Plunder by Numbers

Just in case you have not read the Daily Mail, there is an article today explaining how each household is contributing £900 every year to the pensions of our public sector workers.

In fact, the majority of workers fail to save anything at all for their old age and do not realise they are funding somebody else's with their taxes.

and continues:

Authoritative research from The Institute of Economic Affairs shows the cost of inflation-linked schemes for nearly six million state employees such as doctors, nurses, teachers and policemen has reached more than £22.3billion each year.

On average each one of the 25million households in the country must pay £900 to meet this bill and, according to the experts, this figure will pass the £1,000 mark and go on increasing.

This huge burden will have to be met by today's children when they start earning.

In the paper version of this article is this useful summary for you to cut out and keep:

5,840,000	Public sector workers in Britain
650,000	extra public sector workers since Labour came to power
£22Bn	annoual cost to taxpayer of paying for pensions of former public sector employees
£76Bn	Projected annual bill within 30 years
£100Bn	total wiped off private pensions schemes in last nine years by Gordon Brown's tax raids
100%	public sector workers on gold-plated final salary pension scheme
11%	private workers on gold-plated final salary pension schemes
60	the age when most public sector workers get their pension
68	the age when private sector workers born after April 1978 will get their state pension
£84.25	basic state pension per week

Considering the "grey vote" is probably one of the largest block votes in the electorate (given that most youngsters don't vote) Gorse Fox is amazed that (what we laughingly refer to as) the opposition is not making more of these sorts of issues, the burden of taxation, and the paltry state pension.

Technorati Tags: Tory, Tax, Pensions, Grey vote