The Liberal Democrats manifesto is promising ˜fairness and opportunity". They are proposing a Citizen's Pension with a guaranteed basic pension of £109.45 per week, increasing with earnings for anyone over the age of 75. They believe that this would remove at least a million of pensioners from means testing, and hope to widen the scheme to include 65 - 74 year olds, but haven't specified a time scale.
The LibDems would also get rid of the child trust funds and have promised to ˜tackle irresponsible credit expansion and personal loans by curbing misleading advertising and anti-competitive practices".
Our view
This is "pie in the sky" stuff. Who do they think is going to be here to pay the taxes and national insurance contributions to meet such huge increases? Headline grabbing this may be but demographic and economic sense it is not. All parties have made too many rash promises this election campaign.
Whoever is elected, they will not deliver.