The Budget that wasn’t – Hunt’s plans explained
The Bunker – News without the nonsense
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Is the Pension Allowance Cap Really Aimed at Getting Older People Back to Work?
Pension allowance cap is described as aimed at getting older people back to work. But according to the Times, it's going to cost £2.7 billion. It's estimated to only bring 15,000 people back into the workforce. And for every one person that they get back into work, it costs the taxpayer something like £66,000. So even by the metrics of the thing they're trying to help, which there have been called by some doctors to try and deal with this, it is a very expensive way to try and do itOne. The whole debate is missing the point. If you want to attract people into the labour market, you need to make it easier for
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