Writing in the Financial Times (registration needed), Tim Leunig argues that pensioners have had an easy recession, with good pension increases and extras such as bus passes, free TV licences and winter fuel allowances.
The freezing of the tax allowance cuts a trivial 0.25% off pensioner incomes, Tim says, but, even then, the Institute of Fiscal Studies says that pensioners are better off, while working age people have suffered the worst of the government’s measures.
Tim argues that employees’ national insurance contributions should apply to pensioners’ income from employment.
* Paul Walter is a Liberal Democrat activist in Newbury and West Berkshire. He is Wednesday Editor of Liberal Democrat Voice and blogs at Liberal Burblings.