Gordo refused to accept any hint of responsibility or criticism. The economy was a rock, an absolute rock. Pensioners were better off than they had ever been before. The Tories didn’t care about pensioner poverty. Only Gordo cared! Indeed, he was freeing pensioners almost every day from this. He kept shouting about free TV licences and winter fuel allowances.
“What about pensions?” the Tories shouted but their voices were lost as the hurricane wind swirled. They watched helplessly for there was nothing they could do. Gordon Brown wanted to blow them away — and he did.
As usual, the Tories were barking up the wrong tree. In any case, the culpability of the Chancellor in relation to pensions had been comprehensively dismissed by Will Hutton in yesterday's Guardian.
I am far more concerned that the increase in the RPI (the way we used to measure inflation) has now hit 4.8% and that next month the bank rate is likely to hit 5.5% or higher. (See here.) I may not have a mortgage but some of my younger friends and relations are in up to their eyes; and every increase of 25 basis points puts them deeper in the mire. And who is responsible if not the Chancellor of the Exchequer?
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