You ask 'who is paying for it all' Howard.........
A lot of borrowing is part of the answer and according to the recent document I received from HMRC a lot of pensioners, like myself, who pay income tax on their pensions. (According to the breakdown part of my tax bill even funds some of my own 'state' pension which I paid in for when I was working)!
Also low rates of interest on savings reduce the value of our savings and help fund cheaper mortgages for many too! I don't use a bus pass but part of my tax also pays for bus passes......need I go on?
Each political party say that they have the remedy for all our problems but have yet to prove it! Election manifesto's turn out to be nothing more than flawed job applications engineered to join the 'gravy train.'
