Work until you're 70, it's your right!

Opinion

Normally, this blog wouldn't get embroiled in such a subject of pensions, however just recently, the damage to them has been appalling.

BP contributes £1 in £6 so in just a few months, British pensions have lost 1/6th of their value. Another couple of hits like that and they'll be worthless.

Secondly, the British Government, both previous and current, has an agenda to keep people working for as long as possible. This is wrapped up in the notion that it is "your right" to work until you drop, but don't applaud the rhetoric. This is being packaged as you losing your rights to do what you please and to work if you want to, so you feel compelled to agree to it. Any message that contains a "loss of rights" will always be contentious.

This is purely a way to keep you working so that you are less of a burden to the State and continue to pay tax. If it had been packaged the other way and the Government had said "you will have to work until you are 70" then the reaction would have been very different. People don't like being told what to do, but being told they are losing their right to do anything will raise objections.