24 June 2010

Quote of the day

Iain Duncan Smith MP, Secretary of State for Work and Pensions, quoted in The Independent:
"If Britain is to have a stable, affordable pension system, people need to work longer, but we will reward their hard work with a decent state pension that will enable them to enjoy quality of life in their retirement."
The current state pension is £97.65 per week, say £5,000 per year. Even if you doubled it (which is far from the intentions of the coalition gradgrinds), could you enjoy quality of life on an income of £10,000 per year?

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