A pensioner who owns a property outright may well be thinking of it in terms of paying for care home residence in the future, which costs over £1k a week round here, perhaps more (or less) in other parts of the country. Of course they could sell their property, give the money to their kids and hope they survive 7 years to avoid the tax, move into rental accommodation, run down their savings so that if they do need residential care the taxpayer has to pick up the bill.
It’s a fiasco mate. He’s telling us we’re up **** creek, the economy ****ed, the public finances ****ed, the NHS ****ed, and worst of all he can’t see the Gooners unless someone buys him a box, and his wife can’t see Taylor Swift twice unless it’s a gift, but there is ‘light at the end of the tunnel’. He’s relying on growth to get us out of a high tax poor public service hole, but he’s stopped talking about growth now, it’s about ‘stabilising’ the economy. This job is way too big for him.
