In an election year, all parties will try to be all things to all men. Mostly, it’s only stuff which matters ‘on the doorstep’ which matters. In isolation, Mrs Miggins (not my invention) will be delighted that her pension has gone up with the highest measure of inflation; and no one running a business will be complaining that National Insurance has been reduced. And the two are no longer directly connected, as, although you need to ‘pay your stamp’ for the right number of years to get your state pension, it’s not actually paid for from a separate, stamp-related pot. But you can bet that if someone in some future government decides that the inflation-linking can be cut, it will be National Insurance which will be blamed. And cut it will be, I’m afraid, in the not-too distant, post-election, future.
“London’s millionaire exodus: Advisers will ‘undeniably’ see wealthy clients move abroad”
Should we be bemoaning the ‘exodus of London’s millionaires’? Millionairedom, of course, is somewhat devalued these days (is that a mixed something or other) as a owning a one-bedroom flat in the right part of London elevates you there
