Certified Financial Planner. Independent Financial Adviser. Retirement Planning, Investment Management and Estate Planning. Posts are personal, and not advice.
Maidenhead
- Tweets 82,063
- Following 4,615
- Followers 8,557
- Likes 37,216
Pinned Tweet
I am a qualified, regulated and practicing financial planner.
You can find me...
On @TheFCA register register.fca.org.uk/s/indivi…
The @CISI members directory
cisi.org/cisiweb2/cisi-websi…
And the @pfsconf members directory thepfs.org/membership/member…
1
2
29
43,556
David Hearne, CFP™ retweeted
We haven't had neoliberalism for decades. Instead we have a system where central banks suppress risk, governments rescue failure and taxpayers absorb losses.
Gains are privatised; risks are socailised.
This isn't capitalism; it's the opposite.
thetimes.com/comment/columni…
159
255
1,298
51,874
‘If you earn more, you should keep more’
The current policy on losing free childcare above £100k is so bad, they could’ve called it
‘If you earn more, you should at least keep some’
Or even
‘If you earn more, we’ll stop taking even more than you’ve earned off you’
We believe hard work should pay. If you earn more, you should keep more.
You shouldn’t have to turn down a promotion because earning £1 more could cost you thousands in childcare.
4
1
17
949
‘People’s Power Projects’
Can you imagine it?
Five local councillors on a school roof, installing some old tech that was sold to them, because they had a budget a spend
I want to be honest about how we’ve got to a place where British billpayers are paying some of the highest energy costs in Europe.
Over the past 40 years, we’ve given up control of our necessities, outsourced our essentials and privatised the basics. Water, transport, housing. And of course, energy.
Now the public are paying the price. We haven’t invested in the infrastructure we need. Conflict overseas has pushed up energy costs and it’s hurting our businesses and families.
That’s why we need to take back greater control of our energy system.
This week, I announced Great British Grid, which will speed up connections and push down bills.
We’re also giving mayors, local leaders and communities a stronger role. With funding for People’s Power projects, communities will be able to build solar panels on libraries and town halls, hydro schemes in rivers or publicly owned windfarms on local land.
But it’s not just energy we need stronger public control over. It’s also water, housing, transport and care.
So we’re repealing the ban on public ownership of water companies. We’re building more council homes than this country has seen since the end of World War Two.
We’re reforming the leasehold system so families aren’t squeezed for every penny. And we’re opening up home ownership for first time buyers who can’t rely on the bank of mum and dad.
This week I also announced my determination to introduce a National Care Service, to put people above profit and to give pensioners peace of mind.
Together, we’ll rewire the country from top to bottom so that it works for all people in all places.
That is the only way to put Britain back on the right path. It’s the only way to put power back in people’s hands. And it’s the only way we will bring hope again.
3
3
470
No one should pay 100% plus marginal rates on their income
Whatever level their income
Least of all those workers with families who already amongst the highest tax payers and would likely go to pay even more tax if they didn’t intentionally restrict their work and their ambition to keep their income under a threshold that’s falling in real terms
The party of the rich; not of the family bbc.co.uk/news/articles/cmn0… ffs 🙄
7
4
38
1,658
If we can’t even accept amending (not even abolishing) triple lock for a reasonable alternative
While also under the cover of what will ultimately be higher spending on social care
What chance have we got to cut any other spending, ever?
🚨 Latest Opinium @ObserverUK poll 🚨
The pension triple lock could prove the trickier part of Burnham’s conference offer.
Voters are divided on whether changing the triple lock is a fair trade-off for a new National Care Service.
And among over-65s, 46% say it's unfair.
15
6
35
1,775
The triple lock didn't exist for a single year of this man's working life.
He didn't pay towards a single pensioner ever getting a triple lock increase on their own state pension while he worked.
And yet his vote depends on continuing to be paid triple lock increases on his state pension by current and future workers.
As an 86 yr old Pensioner, who was employed all my working life, I notice Burnham wants to remove the triple lock. He has lost my vote and I wonder how many other Pensioners feel the same.
139
153
3,304
190,436
Good to see David Gauke saying the same thing as I did in my post
Anyone paying taxes/“making a contribution” from 1980 to 2011 did so in a period when pensions rose in line with inflation. No one can claim that they “contributed” over this period in the expectation that the state pension would rise in accordance with the triple lock. 2/2
2
252
David Hearne, CFP™ retweeted
I’d rather the Conservatives were committed to fiscal responsibility.
Tories committed to pension triple lock, Conservative deputy leader Alex Burghart says
bbc.in/4hoD37D
72
93
1,359
44,732
'£5,550 a year worse off'
It's a startling headline.
But let's look at the detail.
It also means the state pension would then be over £25,000 a year!
Which means it would have protected pensioners' purchasing power against the impacts of inflation for over 23 years.
And not a single pensioner would've seen a cut to their state pension in those 23 years
But that £5,550 a year?
x c.13,000,000 pensioners
= £72.15 billion
An extra £72bn a year in cost.
A bill that big only gets paid by substantial tax increases, or potentially delaying the state pension age of younger people into their 70s.
By 2050 pensioners will be £5,550 a year worse off after the abolition of the triple lock.
Andy Burnham said he would address the cost of living crisis.
In reality he is cutting pensions to pay for the war drive.
independent.co.uk/news/uk/po…
26
22
165
19,096
Never has Jacob Rees Mogg elicited more sympathy or admiration than today, from those who have seen any of his interview clips with Tucker Carlson
3
16
908
‘On track to scrap or means test the state pension’
To scrap, the state pension
I criticised the Tories this week for the way they responded to Burnham’s perfectly reasonable amendments to triple lock
And now the Labour pension minister says this
Inciting fear.
I wish they’d all do better
Katie Lam just said the secret but inevitable bit out loud - Conservatives opposing our reform of the Triple Lock are actually on track to scrap or means test the State Pension
2
1
16
2,806
This would save me £thousands, but it's a dreadful policy.
It rewards those who are already renting, but will push those who not yet renting into higher costs or worse properties, as those landlords that don't sell up, then adjust
Zack Polanski to call for three-year cap on private rent rises bbc.in/4hHm27G
6
6
1,465
It's even worse than I thought.
@ZackPolanski thinks freezing rents will help young people still living with their parents.
When they would be the ones most effected, by
1. Increased rents on new rental contracts that take account of the future freeze upfront.
2. Reduced supply, as existing landlords exit, and new landlords are put off entering.
3. Existing tenants who may have moved on, less likely to leave due to the rent savings they're now making
x.lingyaoai.com/ZackPolanski/status/21…
Time and time again when I'm knocking on doors people tell me they've still got their kids living at home with them.
The extreme cost of housing is putting lives on hold across this country.
We need an emergency brake on rents.
bbc.co.uk/news/articles/cq74…
2
371
Wait 'til Zack hears the government don't set interest rates, the independent Bank on England does.
Zack Polanski tells Green Party conference: "We need to stop governments using the blunt tool of interest rates to control inflation."
He adds: "I meet mortgage holders who are constantly worried about renewing. They tell me they crave certainty about the future."
10
3
72
4,194
There's price controls.
And there's controlling prices.
Government should stay out of both
You know that feeling when you book a flight for 50 quid and somehow it ends up costing 100?
Getting seats together, correcting a typo, another charge here and there, it all adds up.
When the cost of living is already squeezing people, those endless extras can feel relentless.
So we're changing the rules for you.
Parents won't need to pay a penny extra just to sit next to their own children.
You'll be able to fix any name errors on your booking free of charge.
And because the last thing you want once you're on the plane is more stress, we're working with the industry to make sure that disruptive passengers who have been banned from one airline can be banned from flying with other airlines too.
I know holidays are expensive and these are small things, but hopefully they'll make your trip just that little bit cheaper and easier.
That's exactly the kind of thing I want this government to keep on fixing.
9
18
1,980
