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So the Conservative manifesto is out and now we know their plans for dealing with car in our old age. Of course, the Labour cretins are already spouting that they’re penalising defenceless pensioners and are going to risk killing a few off…
Let’s look at the simple one first – the winter fuel payment. Every year each pensioner household gets a coupe of hundred quid towords their energy bills. I general spend it on a case of decent wine, but I digress. Labour say that abolishing it will hit the worse off and pensioners will die because they can’t afford to heat their homes.
This is patent scare mongering from McDoughnut and co. The Tories are not intending to take it away from the poorest people because they’re going to means test it. So people like me won’t get it and I’ll have to buy a case less of decent wine at Christmas or fund it myself. To me – and I suspect many other in my financial position – it’s sensible. for the poorest pensioners, it’ll not effect them. More Project Fear from Labour!
Now let’s look at care costs and what’s proposed. At the moment people who are looked after in residential homes must pay for their care if they are judged to have assets worth more than £23,250 and those assets include their property.
Under the new scheme, they will be assessed to get a picture of their finances and if their combined savings and property are valued at more than £100,000, they will need to pay for their care. If they want to hang on to their home, they can defer payment. The state will deduct the cost from their estate when they die.
So on the face of it, instead of selling your home to fund care you’ll get to keep it until you die. Those in residential homes currently pay when they have assets of £23,250 and that will rise to £100,000 so it’s hard to see how this can be spun as leaving them in a worse position however hard the other parties may try.
What’s labour’s solution to addressing pensioners paying for their care? Well, I studied the manifesto. On page 54, it bangs on a lot about what it calls ‘dignity for pensioners’ yet strangely there is no mention of care costs. If I’ve missed it, please tell me where it is.
It’s a knotty problem, but as far as I can see the Conservatives are at least talking about it and putting forward a plan. Labour just seem to be ignoring and accepting the status quo, whilst at the same time slagging of the Conservatives. Predictable really…
Now let’s forget all the rash promises in the manifesto and concentrate on the meat of the matter : How are they going to pay for it all? Well, of course, we know the answer to that one. They’re not going to pay for it. You’re going to pay for it.
Those of you who read this blog regularly may remember that I’m a retired Chartered Accountant, so I understand creative accounting but I have to say that Fantasy Corbynomics exceeds any notion I may have had about accounting even in my most creative moments.
Here’s a simple example. You go out and spend £20,000 buying a new car. How much has this cost you and how much cash did you use? Well according to Labour, it’s cost you nothing because the value of the asset you now own means that it’s cost neutral. So how much cash did you get through? Well, none because Labour tell you this is capital expenditure and was funded by borrowing so it doesn’t come out of your revenue budget.
These are the arguments they use for their nationalisation and infrastructure spending plans. They say that renationalising loads of stuff is cost neutral because you still have the assets and that the cash used was raised by borrowing by issuing gilts so they’ve not used any cash either.
This is, of course, patent nonsense. If you buy a new car, it’s true you still have the car but it’s also true you ain’t got the money any more because you spent it. The fact that you borrowed the money to buy it still means that eventually you’ll have to pay it back so you can’t ignore the outflow.
Labour says that apart from it’s ridiculous tax and spend plans, it will borrow £250 billion. Let that sink in for a moment : that’s £250,000,000,000 or a quarter of a trillion pounds.
Let’s assume they raise that money at an optimistic 1.5%. The interest on that borrowing alone would cost £3.75 billion per annum. Where’s that going to come from? Well, out of your taxes or rolled into the borrowing.
The simple fact is that Labour’s plans simply aren’t feasible. They cost too much and there’s no money to pay for it. It’s a fantasy and if they try to do it then they’ll bankrupt this country.
And at the end of the day, they know it – but they’ll never admit it…
It’s filthy dirty lies spread by the fookin’ Tories! Everybody knows that Labour is the party dedicated to democratic socialism. How could you possibly believe any different when Comrade Jezza tells you so…?
Well, it’s actually quite easy. Not content with having the Labour leadership in it’s pocket and shoehorning one of McCuntsky aides into the Liverpool Walton constituency, today they announced that Shite’s chief of staff, Andrew Murray, is being drafted into the Labour team to help them
lose win the election.
Proudly announcing the appointment – and at the same time seriously pissing off staff at Labour HQ – Jezza praised Murray’s immense organisational abilities and added “I don’t believe that Andrew is anything other than a democratic socialist and a member of the Labour party, like me.” So quite way did he find it necessary to add that comment?
Well, until the end of last year, Andrew Murray was a card carrying member of the Communist Party. In his own words, “I’m a member of the Communist party. That’s where I am. Communism still represents, in my view, a society worth working towards – albeit not by the methods of the 20th century, which failed.” Presumably the 21st century method is to take control of the Labour party, or am I just being cynical?
He’s also a buddy of Jezza. He’s been a political ally for years and worked with him in the ‘Stop the War’ coalition. Murray was also reported to have been among those present at a top-secret summit held at Shite’s training centre in Surrey last summer. Others in attendance included Mr McCluskey, John McDonnell, Diane Abbott, Mr Corbyn’s top spin doctor Seumas Milne, journalist Paul Mason and Momentum chief, Jon Lansman. Draw your own conclusions as to the political leanings of that particular grouping.
One senior Labour figure commented “I had hoped it was Andy Murray, but this appointment probably nails it game, set and match for the Tories.” Another insider said: “They’re using the election as a means by which to take over Labour HQ.”
So if you want to live in a communist country that’s run by McCuntsky and Momentum then the message is pretty clear – vote Labour on June 8th. UNITE-ed they stand and, with any luck, UNITE-ed they’ll bloody well fall.
Otherwise, we’re all right royally fucked…