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Winter Fuel Allowance withdrawn!

Started by: fedup (257)

I have written to my MP and received the usual acknowledgement but no answers.
Also joined Age UK's petition to Downing Street.
Not expecting any answers!
Does anyone know of any plans for local demos against this disgraceful decision? If health allows I may go along to add support!

Started: 20th Aug 2024 at 13:16

Posted by: Billinge Biker (2858) 

I"m thinking of sending Nandy an open invitation to attend the forthcoming funerals of the elderly who will freeze to death later on in the year/new year. I wonder if she would turn up ?.

Replied: 20th Aug 2024 at 13:35

Posted by: tomplum (14174) 

We all know the hospitals get bed locked in Winter, just image the impact this year as the oldies are frightened of not having enough money to pay the gas n leccy bills , Is this Stormers plot to kill off the OAP's to save on pensions, Stormer is the new Hitler,,,

Replied: 20th Aug 2024 at 13:45

Posted by: retep1949 (1361)

Starmer looks shell shocked,they knew what was coming and seem totally unprepared.The Tories did leave a mess but Labour cannot keep blaming them for everything and using it as a stock answer to every problem.

Replied: 20th Aug 2024 at 13:53

Posted by: cheshirecat (1531) 

With the price of energy these days its not just pensioners that struggle with heating bills. There are a lot of working people with familys whom have never received heating allowance who are faced with the same problem.

Replied: 20th Aug 2024 at 18:47

Posted by: retep1949 (1361)

Plenty cheshirecat and other bills as well.

Replied: 20th Aug 2024 at 18:59

Posted by: Billinge Biker (2858) 

Correct retep1949.....I foresee several U turns in the future and the rapid demise of Labour...out of touch and do not care.

Replied: 20th Aug 2024 at 19:43

Posted by: Owd Codger (4011)

The people I feel sorry for are those who in the recent election voted for today's Labour Party, but now find after only six weeks that they are one of the many ordinary members of the public who will no longer received the heating allowance!

Replied: 20th Aug 2024 at 20:04

Posted by: mollie m (8379) 

Sorry, but I don't know why people are so surprised by this. The recently elected government (no matter who it is) was going to claw in as much money as they can, from wherever and whoever they can.

Like I said in a previous similar thread, I've never voted for any of those bloodsuckers in my life, so there's no point complaining about whatever they do, but I'm never surprised.

There will be a serious knock-on effect from this unwise decision when they find old folk frozen to death, or starved to death, and the blood will be on their hands. They don't know who we are, nor do they care, so why should anybody care about them by voting for them? I don't and, as I also said before, it doesn't matter which party they're from, as they're all cut from the same cloth.

I wonder how many billions will be sunk into building new fighter planes that will never leave the ground, or a new battle ship or two which will never be used except on exercise, while some old folk die freezing?

Replied: 20th Aug 2024 at 21:05

Posted by: cheshirecat (1531) 

I feel even more sorry for the people that allowed the previous tenants of number 10 Downing Street to reside there for so long!

And I don't know how anyone can complain about a goverment that has only been in charge 6 weeks and inherited an extremely very toxic poisoned chalice!

Replied: 20th Aug 2024 at 21:11

Posted by: retep1949 (1361)

Labour must have known that they were going to get elected and must have realised long before the election what lay ahead.They are losing credibility very fast with people.This country is in a total mess.

Replied: 20th Aug 2024 at 21:39

Posted by: tomplum (14174) 

And Stormer is not winning fans, Thatcher lost it with the pole tax and Stormer will lose it with taking the Winter fuel allowance, He's going out of number 10 second fastest to Dizzy Lizzy

Replied: 20th Aug 2024 at 21:48

Posted by: cheshirecat (1531) 

And before anyone jumps to conclusions, I did not vote for Labour.
But I'm prepared to give them a chance after the shambles of the last government.

There are a lot of pensioners whom are fairly comfortable financially who have private / company pensions and are also are in receipt of the old age state pension. Some pensioners are even in employment and also receive their state pension.
Not all pensioners are poor!
What about a person who is on a zero hour contract for minimum wage, who can have their shift cancelled via text message at an hours notice, can turn up for work and be sent home if there is no work, who has a couple of kids and a wife to support, bills to pay etc who have never been entitled to heating allowance.

The point I'm making, is everybody has bills to pay regardless if you are a pensioner , or not!

Replied: 20th Aug 2024 at 22:21

Posted by: Owd Codger (4011)

Cheshie Cat


Have you never heard of contracting in or out of the state pension.



When you joined a private pension scheme you were contracted out of the state scheme which meant that you got less from the state scheme than what you would have got if you had stayed contracted into the state scheme.



In other words, the more you get from private pensions, the less you get from the state pension and all pensions are taxable.



And contrary to the belief of some yonger people, not all pensioners are rich!

























Replied: 21st Aug 2024 at 00:31
Last edited by Owd Codger: 21st Aug 2024 at 06:51:49

Posted by: sonlyme (3445)

..

Replied: 21st Aug 2024 at 07:47
Last edited by sonlyme: 21st Aug 2024 at 07:53:31

Posted by: cheshirecat (1531) 

Posted by: Owd Codger
"In other words, the more you get from private pensions, the less you get from the state pension and all pensions are taxable."

Excuse my ignorance but I just quite can't understand that statement?
Since when has the state pension been taxable, and also when did they start reducing your state pension entitlement because you have a private pension? You only pay tax if you exceed your annual allowance. Well thats how I thought it worked?

Replied: 21st Aug 2024 at 10:01

Posted by: gaffer (8307) 

CC

The state pension isn’t reduced if you have a private pension. If you have a private pension your income tax code includes the value of your state pension so that once your personal allowance is reached you automatically pay tax on your state pension income.

Replied: 21st Aug 2024 at 11:24

Posted by: Owd Codger (4011)

Gaffer

Thanks for explaining it better than what said!

What annoys me and many other pensioners today is the number of younger people who think that working pensioners of our generation are on a gravy train.

What bit my Wife and I now get in retirement is only what we have worked and paid for during our fifty odd years of working life.

Replied: 21st Aug 2024 at 11:46

Posted by: whups (14327) 

the torys made sure most pensioners could,nt claim pension credit by giving them a rise over the PC limit .

Replied: 21st Aug 2024 at 12:08

Posted by: Tommy Two Stroke (16559)

Replied: 21st Aug 2024 at 12:28

Posted by: cheshirecat (1531) 

Posted by: Owd Codger
"What annoys me and many other pensioners today is the number of younger people who think that working pensioners of our generation are on a gravy train."

No one mentioned a "gravy train" only yourself. If the cap fits, wear it!

And i'll tell you what annoys me.
Pensioners whom are pretty financially comfortable who get winter fuel allowance and use it to pay for a holiday in Benidorm or wherever for the winter period and never use their heating, electricity, gas etc

It should be means tested and given to the people who genuinely need it. And I don't just mean pensioners.

Replied: 21st Aug 2024 at 14:34
Last edited by cheshirecat: 21st Aug 2024 at 14:34:49

Posted by: Owd Codger (4011)

Cheshire Cat

You will be a pensioner yourself one day and then you will find out what live is all about for many pensioners.

And what kind of person begrudges any pensioner having a bit of pleasure in their remaining years, especially those like myself who have worked hard all their lives and paid towards what pensions they get.

If you want to have a go at those who go to Benedorm etc do it at the workshy on benefits and not those who get a bit of heating allowance!

Replied: 21st Aug 2024 at 14:54

Posted by: cheshirecat (1531) 

Owdcodger.
I am a pensioner. All pensioners are not old!
I have never recieved heating allowance as I would only qualify next year when I'm 66. I would gladly, very gladly forfeit mine to give it to someone who is a lot worse off than myself. Would you do the same?

Replied: 21st Aug 2024 at 15:08

Posted by: gaffer (8307) 

CC

I thought you were much younger than that. Are you a fire sign?

Replied: 21st Aug 2024 at 15:55

Posted by: cheshirecat (1531) 

Not a 100% fire sign, Gaffer. But I think I fit about 30% of the criteria required! If I could qualify for the energy component required, that would boost me up to 70%

Replied: 21st Aug 2024 at 16:39

Posted by: tomplum (14174) 

Gaffer I can tell you that, If you paid into a private pension and, that private pension company took your NI contributions, your State pension will be reduced by the number of years the private pension took the contributions, In my case was 4 years, So I got reduced state pension because of that,
David Cameron changed the whole structure so your pension would not get lowered but, Mine did,,

Replied: 21st Aug 2024 at 16:45

Posted by: Billinge Biker (2858) 

Fed up...guess what...I emailed IT and got the same automated response...so impersonal and ignorant...just about sums her and labour up....Disgrace.

Replied: 21st Aug 2024 at 18:02

Posted by: gaffer (8307) 

Tom

To get a full state pension you need 35 qualifying years. This is either when working or being credited when unable to work. Private pensions don’t come into the calculation.
If you did at any time ask for a pension forecast from the Department of work and pensions they would have told you if you were short of qualifying years. If so you could have bought extra years at favourable prices.
What did the pension provider do with your NI contributions?)

Replied: 21st Aug 2024 at 18:36

Posted by: tomplum (14174) 

Gaffer I paid Ni payments from the start of work in 1968 to finishing work at 2017, thats 49 years, The 4 years missing were from 1986 to 1990 when I worked for Servowarm and my NI payments were took by them, So I still had 45 years of NI but got a reduced pension,
When I got my forecast , I spent months and months of letter writing and phone calls and never solved the problem, The did send me the forms to pay at the time just under £2000 and I gave up, they won,

Replied: 21st Aug 2024 at 19:09

Posted by: gaffer (8307) 

Tom if they’ve made a mistake you would be entitled to have it corrected from the time you retired. It’s probably worth asking Citizens Advice to look at it.


Rob White
21 August 2024 • 4:32pm
Thousands of people could be missing out on a six-figure pension windfall owed to a deceased relative, new figures show.

Millions of pounds could be owed to descendants of people who were underpaid their state pension and died before receiving compensation, according to analysis from a former pensions minister.

The Department for Work and Pensions (DWP) has sent out letters to inform the families of people who died before they could claim underpaid pensions, but 1,859 are yet to respond, a Freedom of Information request has revealed.

Payments can in some cases exceed £100,000 per person, and the cash is retained by the Government unless it is claimed.

Sir Steve Webb, former pensions minister and now a partner at consultants LCP, urged people to check if they’d received a letter and respond to it if they had.

He said: “We know that well over 100,000 people were underpaid state pensions and the DWP has spent more than three years trying to track them down. In thousands of cases, the person who was underpaid is sadly no longer with us, but their heirs should still benefit from any underpayment.

“Although not all underpayments are large, in some cases people have received £100,000 or more, so the recipients of these letters could be sitting on a pension goldmine. If you have received a letter from DWP about a potential underpayment to a loved one, I would urge you to respond as soon as possible.”

Replied: 21st Aug 2024 at 19:55
Last edited by gaffer: 21st Aug 2024 at 20:06:30

Posted by: tomplum (14174) 

Gaffer, I can't begin to tell you the number of phone calls and letter ( some never answered) I made and a supervisor phoned me up one day and said,

The 35 years you mentioned is for basic pension, then after that I needed the bonuses and other qualifications and my 4 years missing, entitled me to a lesser pension, Its more complicated than you think and David Cameron's party designed it to cheat us, woman more than men But, here's the irony,
My missus worked but when she had the kids, she only ever worked part time when they got to skool, , she retired at 60 as women did then and although has paid a lot less in, receives more pension than me, So our joined income is ok, it keeps us fed n watered and a roof over us But not entitled to credits, So come winter, I'm starting a ' fund me' thread to Whups from his pit pension

Replied: 21st Aug 2024 at 21:27

Posted by: cheshirecat (1531) 

I'm not an expert on National Insurance contributions by any stretch of the imagination. But , I know the basics.
It depends if you have paid class 2, or class 4 contributions.
If anyone is self employed, its worth chasing up to see what exactly you are paying in. It will save a lot of disappointment for you come pension age when you think you have been short changed.

Replied: 21st Aug 2024 at 22:05

Posted by: Owd Codger (4011)

I have a private pension which I joined while working for a company where I uderstood that on retirement I would get a increase each year. The company went out of exsistance and the pension scheme was sold off to a equity compamy who altered the rules that no annual increase would be paid each year and the equity company has since sold the pension scheme to another company.

While I have suffered by having a pension devalulued as the cost of living has gone up, others have made money for themselves by selling the pension scheme on for a profit

Wished I had never joined the sceme as I would have got it bit more each year on the state pension!

And some say that pensioners are on a good number by being in a private pension scheme.

Like hell they are!

Replied: 21st Aug 2024 at 22:48
Last edited by Owd Codger: 21st Aug 2024 at 22:49:29

Posted by: Handsomeminer (3047)

Tomplum me and my Mrs are in exactly the same boat ,I don't begrudge women who worked part time a penny but it dosn,t seem fair that my wife gets more than me when I paid far more in

Replied: 22nd Aug 2024 at 06:24

Posted by: PeterP (12111)

You cannot directly pay tax on your state pension but wait until the next tax year(April) If you get more state pension than your personal allowance then you become liable for tax on the extra money over your personal allowance My tax allowance has not changed yet I claimed part of Yvonne's Tax allowance(£1750) now deceased..My tax code on my pit pension dropped from 336m to 231m then 134m this tax year. I don't know if they will change my tax code again this year or wait till next year to hammer me with tax

Replied: 22nd Aug 2024 at 07:20

Posted by: cheshirecat (1531) 

Posted by: Owd Codge
"And some say that pensioners are on a good number by being in a private pension scheme.
Like hell they are!"

You are one of the lucky ones who could afford to pay into a private pension, and you are still complaining whilst receiving at least 2 pensions! In my opinion, you are comfortable. Although, everyone would like more, myself included. It's human nature.

Although it beggars belief why you would expect an annual increase every year?
Increases are at the discretion of the pension provider / shareholders etc. They are not compulsory. Its the same with any employer. They don't have to give you a pay rise every year, nor are they legally obliged to pay you for Bank holidays.

I'm sure you would have been aware of the above whilst in employment?

Replied: 22nd Aug 2024 at 13:07

Posted by: gaffer (8307) 

CC

Public sector pensions are index linked.They are increased annually in line with inflation.
Defined benefit private sector pensions were also increased annually in line with inflation.
However, Gordon Brown’s removal of dividend tax relief made defined benefit pensions unaffordable to employers. He broke the rule that had pertained since the start of pensions, money goes in tax free and money taken out is taxed.
His reorganising of scrutiny and responsibility for financial services from a single body to a tripartite system led to many problems with pension providers.
In 2000 Equitable Life, the gold standard of pensions providers went bust. It was the choice of directors, judges, hospital consultants and MPs. Government compensation was equivalent to 20% of the loss incurred. MPs had their pension pots topped up to the level before the crash by Parliament.

Replied: 22nd Aug 2024 at 13:31

Posted by: frecky (824)

Some folk are saying give Liebour a chance because they've only been in for a short time. It didn't take a short time to attack the eldest in society, the vast majority who worked for years, by having a direct cut off point instead of a sliding scale, which would help pensioners just above that cut off point to receive some help. It didn't take long to halt the £86,000 care cap and remove it so if you go in a care home your house and assets have to go to pay for your care........Liebour, "the party of the working man".....my arse.

Replied: 22nd Aug 2024 at 14:34

Posted by: cheshirecat (1531) 

Gaffer.
A defined benefit final salary pension offered a lot more financial security. And as you correctly stated, was an index-linked income.

A defined contribution pension doesn't come without risks.
One good main point being is that you will get tax relief on the contributions paid into your pension, instead of the government receiving it.
But, its reliable on the stock market performance. and has we have all seen in the past, that's a roller coaster ride! Rule number one if investing on the stock market, is don't panic if your investments plummet. You've only lost it on paper!

At the end of the day, it's the choice of the individual.



Replied: 22nd Aug 2024 at 15:11

Posted by: Owd Codger (4011)

Exactly, it is the choice of the individual!

And unlike some, I did not spend my time moaning about what oother could afford more than myself!

Replied: 22nd Aug 2024 at 15:30

Posted by: Tommy Two Stroke (16559)

And of course it should be remembered "That the Value of your Investments can go Up or Down"

Replied: 22nd Aug 2024 at 16:02

Posted by: cheshirecat (1531) 

Posted by: Owd Codger (3569)
"Exactly, it is the choice of the individual!
And unlike some, I did not spend my time moaning about what oother could afford more than myself!"

For Petes sake give it a rest.
You are the most bitterest moaner on here
98% of your drivel is either complaining about something, how hard done you've been in life, or calling the Labour party because they won the last election.!
It's hardly surprising that less people are posting on here having to suffer your continuous bitterness.

You should conduct yourself with a bit more decorum at your age.

Grow up!

Replied: 22nd Aug 2024 at 16:21
Last edited by cheshirecat: 22nd Aug 2024 at 16:23:30

Posted by: gaffer (8307) 

CC

Pension funds are tailored to the individual’s age. Stock market investments are for age up to 50 to 55. After that it’s a more modest stock market portfolio plus government securities which are guaranteed but generally yield a smaller return than stocks and shares.

Replied: 22nd Aug 2024 at 17:33

Posted by: cheshirecat (1531) 

I disagree, Gaffer. Unless you are referring to an individuals private pension, and not, a company one? If it's the former, you are correct.

A large company with thousands of employees lets say for instance, Asda, British Airways, HSBC bank etc the pensions would not be tailored to the individual’s age. It's just not practical!
Once you opt in to a company pension, it's out of your hands. You put your trust in the fund managers, trustees etc. You can't do a great lot about it.

But on the other hand ( as I'm sure you are aware ) if you have taken out a private pension ( for example ) via Aviva, Aegon etc then you can request to have your funds transferred if you think they are not performing well.

With a company pension, that is not possible as far as I'm aware?



Replied: 22nd Aug 2024 at 18:07

Posted by: tonker (29193) 

That’s possible with all pensions, Chesh., except the state pension of course.
There were many pension brokers chasing miners for transferring their pension!

Replied: 22nd Aug 2024 at 18:37

Posted by: retep1949 (1361)

Pensions are a minefield which make plenty money for someone else,always too many fingers in the pie.

Replied: 22nd Aug 2024 at 19:13

Posted by: Handsomeminer (3047)

So its 6 weeks of Labour government not 14 years of Tory mismanagement that's ruined the country and the high price of energy is a direct result of Tory privatisation of energy and there run down of the coal industry so stop bleeting you pathetic bunch of closet tories

Replied: 22nd Aug 2024 at 20:15

Posted by: frecky (824)

HM....Liebour are crapping themselves now that they have to make decisions. It's easy being the opposition when all you do is criticise and put obstacles in the way, but now they have to make the decisions that affect everyone the first thing they do is attack pensioners and people needing long term care. The party of the working man....my arse.

Replied: 22nd Aug 2024 at 20:57

Posted by: retep1949 (1361)

Closet Tory my arse.Not the start I wanted from Labour or the Labour Party I wanted

Replied: 23rd Aug 2024 at 07:48
Last edited by retep1949: 23rd Aug 2024 at 07:52:41

Posted by: Owd Codger (4011)

'O what a tangled web we weave when first we practice to deceive'

A very true quotation at the present time!


Replied: 23rd Aug 2024 at 08:24

Posted by: MrsC (110) 

The Labour Party represent middle class Guardian reading professionals in the public sector .

Replied: 23rd Aug 2024 at 09:52

Posted by: First Mate (2903)

Ten percent fuel hike announced by Ofgem this morning.

Replied: 23rd Aug 2024 at 11:14

Posted by: Domin0 (732)

The labour party is nothing like it used to be,there is now no difference between them and the torys, in fact up to now they are much worse than the torys,I am not looking forward to the October budget.

Replied: 23rd Aug 2024 at 11:15

Posted by: Billinge Biker (2858) 

Labour voters....Reap what you have sown.

Replied: 23rd Aug 2024 at 11:22

Posted by: whups (14327) 

yes well we can take it biker unlike some on here . so sow that.

Replied: 23rd Aug 2024 at 14:57

Posted by: Domin0 (732)

Whups, do you stlll think these lot are true labour,and do you believe they would have still got in as easily if they had been honest and told the public what they intended to do?

Replied: 23rd Aug 2024 at 15:48

Posted by: gaffer (8307) 

Whups is a contrarian. I expect he’s in receipt of pension credit.

Replied: 23rd Aug 2024 at 16:10

Posted by: tonker (29193) 

I expect Whups to be in receipt of full ‘new’ pension, along with his Mineworkers pension totalling in excess of £300 a week. It follows that he won’t get pension credit.
I might be wrong.

Replied: 23rd Aug 2024 at 16:39

Posted by: gaffer (8307) 

Tonker

He was only 34 when Golborne pit closed.

Replied: 23rd Aug 2024 at 17:34

Posted by: tonker (29193) 

That gives him 18 years contributions (as he started at NCB at 16). Since then, he’s either worked, been on the dole, or been on sick. Either way, he’d be awarded a contribution, filling his years up.
I’ve a mate who never worked in his life (legitimately) and is due full pension in 2 years time, when he’s 66.
Ways and means, Gaffer, ways and means. And they all seem to know ‘em!

Replied: 23rd Aug 2024 at 18:15

Posted by: gaffer (8307) 

Whups is a contrarian. I expect he’s in receipt of pension credit.

Replied: 23rd Aug 2024 at 18:24

Posted by: tonker (29193) 

Do you think we should ask him, Gaffer?

Replied: 23rd Aug 2024 at 18:29

Posted by: Owd Codger (4011)

10% energy hike in October

After the election result, many who voted Labour were laughing at the hammering of the Tories.

As Bob Monkhouse used to say, 'They are not laughing now'

Replied: 24th Aug 2024 at 00:21

Posted by: whups (14327) 

wrong again gaffer . no i,m not ,but eggflipper is & anything else he can claim . bone idle or wot .

Replied: 24th Aug 2024 at 01:04

Posted by: Tommy Two Stroke (16559)

Owd Codger

"They are not laughing now'"

LINK

Replied: 24th Aug 2024 at 14:35

Posted by: cheshirecat (1531) 

I agree, Tommy.
The people that voted to leave the EU are certainly not laughing

Replied: 24th Aug 2024 at 15:10

Posted by: gaffer (8307) 

CC

It's not a bed of roses in the EU.

How Germany blew up its economy
Former industrial powerhouse is struggling to find a new engine for growth

Tim Wallace
23 August 2024 • 7:00am

For a symbol of the depth of the malaise at the heart of Germany’s once-mighty economy, look no further than the announcement of enormous job cuts by one of the world’s largest suppliers of car parts.
ZF Friedrichshafen is shedding as many as 14,000 jobs in Germany out of a total employee population of 54,000 in the country.
This is no short-term move: the company, based on the shores of Lake Constance in the far south of the country, is chopping back its workforce over the next four years.
“Strong competition, cost pressure and weak demand for electric vehicles” are all to blame, the company said.
Its position is far from unusual and reflects the crunch rippling through an economy that was not long ago the envy of Europe and much of the world.
The loss of cheap Russian gas since the Kremlin’s invasion of Ukraine has devastated Germany’s industrial sector and left it struggling to find a new engine for growth. GDP has barely budged since the eve of the pandemic and Germany has found itself permanently teetering on the edge of recession.
The latest indicators suggest little is improving. GDP shrank by 0.1pc in the three months to June and, rather than the upswing one might usually hope for after an economic downturn, the stagnation appears set to continue.
The purchasing managers’ index (PMI), an influential business survey from S&P Global, shows the situation for manufacturers is, if anything, worsening, and is starting to drag down services businesses too. Optimism for the future is declining. Orders from abroad are down once again.
S&P Global’s composite PMI showed a reading of 48.5 for Germany in August, down from 49.1 the previous month and below economists’ forecasts. Anything below 50 signals economic contraction.
Dr Cyrus de la Rubia, chief economist at Hamburg Commercial Bank, branded the numbers a “real mess”.
“It’s hardly surprising that companies are ramping up staff cuts and slashing inventories of inputs even more aggressively than before,” he said.
Economists at UBS have now cut their forecast for Germany’s economic growth to just 0.1pc for this year. Felix Huefner at the investment bank said weak exports, high interest rates and budget cuts to limit borrowing were all dragging down growth in the short-term.
But the longer-term strain of an ageing population, weak investment and a lack of “structural reforms” are also a problem.
“Weaker German growth than in the Eurozone may be a structural feature for the future,” he warned.
Those structural factors represent a stark change from the position of much of the past two decades, when Germany was a powerhouse that provided an anchor for the rest of the crisis-prone eurozone.
At the turn of the century, labour market reforms helped give Germany a much more flexible jobs market, making the economy more competitive and pushing unemployment down.
Much of Germany’s power is based on its Mittelstand, the widespread network of highly productive small and medium-sized businesses that typically specialise in high-end manufacturing and are world leaders in their niches.
This strong backbone of businesses powered export-led growth, enabled in part by a political willingness to trade heavily with China and to rely on cheap Russian gas.
However, shifting geopolitics have derailed this economic model. The Mittelstand were left at the mercy of autocratic regimes that sought to use trade as leverage over Berlin – Vladimir Putin, for instance, thought his stranglehold over energy supplies would force European Governments to stand aside when he invaded Ukraine.
Instead, Berlin rowed behind the rest of the West and dumped Russian oil and gas, sacrificing the Mittelstand in the protest.
At the same time, these businesses have also been stung by a slump in China.
“China’s slowdown has led to a decline in demand for the sort of goods Germany is very good at exporting,” says Chris Williamson, chief business economist at S&P Global.
However, it is not simply geopolitics that are punishing the German economy.
“Germany has been adversely affected by the transition to electric vehicles,” says Williamson. “We saw a slump in demand for combustion engine vehicles before the pandemic – there was a lot of uncertainty about whether to buy one or to wait to buy an EV.”
The auto industry has long been a powerhouse in Germany, which is home to Volkswagen, Mercedes-Benz and Porsche.
“Car manufacturers are making some adjustments now, but they are not winning the war on EVs, which is why the European Commission is looking at tariffs,” says Williamson. “That has hurt the automobile sector, which is a big driver of the German economy. There are lots of associated industries which have been dragged down with it.”
Today, the Mittelstand has found itself in a long stagnation.
Few expect China to return to its pre-Covid growth rates and Russian gas will not return anytime soon.
Combined with poor demographics and a widespread unwillingness to put in extra hours, “German potential growth is not that high any more”, says Salomon Fiedler, economist at Berenberg Bank.
Earlier this year Christian Lindner, the finance minister, sought to allay fears of a long-term slump.
“Germany is not the sick man,” he told the World Economic Forum in Davos. “After a very successful period since 2012 and these years of crisis, Germany is a tired man, after a short night, and the low growth expectations are partly a wake up call.
“And now we have a good cup of coffee – which means structural reforms – then we will be continuing to succeed economically.”
Yet not much help is coming from the Government either, which is hamstrung by bitter budget arguments between coalition parties, leaving little sense of direction for businesses.
“Germany is in a bit of a limbo for the time being,” says Fiedler.

Replied: 24th Aug 2024 at 16:15

Posted by: cheshirecat (1531) 

Posted by: gaffer
“Germany is in a bit of a limbo for the time being,” says Fiedler."

That is not all down to being in the EU, Gaffer and you damn well know it!
Propoganda at its worst!
Even worse, we are in a lot of limbo since we left!

Replied: 24th Aug 2024 at 16:57

Posted by: gaffer (8307) 

CC

It’s far from propaganda. I have a son based in the US for a German company. They’re going all out for US and Mexican business to replace business lost in Germany.
You can check for yourself by looking at independent business indexes such as the Purchasing Managers Index.
The comment at the end of the piece was a tongue in cheek quip.

The EU economy is expected to grow by 1.2% in 2024, increasing to 1.8% in 2025. This is a 0.4 pp downward revision for 2024 in comparison to our Autumn Economic Outlook as EU industrial producers face continuing challenges resulting in the lowest level of capacity utilisation (excluding Covid) for 11 years.
Headline inflation is to continue its steady decline, averaging 2.9% and 2.6% respectively in the EU and Euro Area in 2024, before approaching the ECB’s 2.0% target in 2025.


Replied: 24th Aug 2024 at 17:37

Posted by: Tommy Two Stroke (16559)

Cheshire Puss

"Even worse, we are in a lot of limbo since we left!"

What 'limbo' ? as in how would we have been better off now, if we had still been in the EU ?

Folk are annoyed that immigration numbers into this country are still very high, even though free movement of people from the EU stopped over four years ago.

Replied: 24th Aug 2024 at 19:24

Posted by: Tommy Two Stroke (16559)

On about the Winter Fuel Allowance LINK

Replied: 24th Aug 2024 at 19:39

Posted by: riocaroni (812)

Have the Germans had their 200 quid stopped?

Replied: 24th Aug 2024 at 20:42

Posted by: First Mate (2903)

What 200 quid is that rio?

Replied: 24th Aug 2024 at 21:07

Posted by: cheshirecat (1531) 

Gaffer.
The German economy has mainly suffered due to the lack of cheap energy supplies due to the ongoing conflict in Russia / Ukraine. Plus they have benefited from years of low interest rates which is now affecting them and also they had an extremely strong export market.

Like any other country, they are having it tough at the moment. Just like us!

The GDP is on the rise, albeit very slightly but nevertheless, its rising.
Don't forget Germany was ( and may still be ? ) Europes largest economy last year.

Replied: 24th Aug 2024 at 22:43

Posted by: tonker (29193) 

Don’t mention the war!

Replied: 24th Aug 2024 at 23:40

Posted by: tonker (29193) 

Don’t forget - interest rates, debt, economy, GDPs etc. are all man-made and only divide them men from us men.

Replied: 24th Aug 2024 at 23:47

Posted by: cheshirecat (1531) 

Well, "them men" Tonker, had the largest economy in Europe last year.

Replied: 24th Aug 2024 at 23:58

Posted by: Owd Codger (4011)

Cheshirecat

Give us some examples of how life has been worse for you since leaving the EU?

Replied: 25th Aug 2024 at 00:37

Posted by: whups (14327) 

why dont you . your always shouting the odds.

Replied: 25th Aug 2024 at 01:02

Posted by: Owd Codger (4011)

Whups

And you are always up late at night making pathetic comments with a four pack or a bottle for company!

Replied: 25th Aug 2024 at 08:29

Posted by: riocaroni (812)

Oc, I suppose you've not tried getting into an EU country lately.quin is not my favourite thing!

Replied: 25th Aug 2024 at 10:29

Posted by: Owd Codger (4011)

rio caroni

I have not lately, but I done a bit of queing in the Brocket because of some messing about on a phone just to pay for a pint!

Replied: 25th Aug 2024 at 10:53

Posted by: cheshirecat (1531) 

Posted by: Owd Codger (3583)
"Cheshirecat
Give us some examples of how life has been worse for you since leaving the EU?"

I have given those examples numerous times in fact until I was blue in the face! I'm not explaing them again for you! While you are a pensioner you may have some spare time on your hands use some of it to look through some threads and you may find your answers

Replied: 25th Aug 2024 at 11:01

Posted by: whups (14327) 

there is NO-ONE as pathetic as you as quite a few on here will testify too .

Replied: 25th Aug 2024 at 11:34

Posted by: Tommy Two Stroke (16559)

Whupsy

Mind your manners, and stop insulting Cheshire Puss

Replied: 25th Aug 2024 at 12:13

Posted by: whups (14327) 

well he gets it wrong so many times it,s in itself pathetic , oh & by the way todger i dont drink but with some of your stupid replies you might be .

Replied: 25th Aug 2024 at 12:31

Posted by: First Mate (2903)

whups I've asked you a couple of times, who were addressing your remarks to. You don't make it clear. It may be a good idea if you actually give the name of the person to who you are replying.

Replied: 25th Aug 2024 at 12:40

Posted by: whups (14327) 

i dont give a monkeys wot you think . iv,e answered the question . now grow up .

Replied: 25th Aug 2024 at 12:46

Posted by: eggbeater (inactive)

They don't call workshy for no reason the scumbags one lazy bleeder he won't tell you when he last did a honest day's work but he's fiddled his benefits whilst working

Replied: 25th Aug 2024 at 13:22

Posted by: Owd Codger (4011)

Whups

If you are not up late at night drinking, why are you up so late?

Watching late night telly, reading a book or perhaps even knitting some jumpers ready for when Labour ends your heating allowance?

Replied: 25th Aug 2024 at 13:42

Posted by: cheshirecat (1531) 

Posted by: Tommy Two Stroke (16115)
"Whupsy
Mind your manners, and stop insulting Cheshire Puss"

It was very obvious that Whups was directing his comment at the owd moaning codger, not myself

Replied: 25th Aug 2024 at 13:51

Posted by: Owd Codger (4011)

Cheshirecat

You are getting as bad as you mentor stardelta in stalking and as for moaning, you do your own fair share, especially where pensioners are concerned or indeed anyone who you think is is better off than yourself.

Replied: 25th Aug 2024 at 14:15

Posted by: cheshirecat (1531) 

I never moan, unlike yourself.
Can you point out where I have "moaned" about anyone being better off than myself and also can you point out where I have "moaned" about pensioners?
The only person whom is moaning is yourself because Labour have stopped your heating allowance!

Replied: 25th Aug 2024 at 14:57

Posted by: Owd Codger (4011)

Cheshirecat

Remember moaning about something to do with zero hours contracts and pensioners going to Benedorm out of their heating allowance.

As for the hearing allowance, I have only ever have a moan together with many others about it being ended by the party you keep claiming you never voted for!

Replied: 25th Aug 2024 at 15:34

Posted by: cheshirecat (1531) 

Posted by: Owd Codger (3589)
Cheshirecat
"Remember moaning about something to do with zero hours contracts and pensioners going to Benedorm out of their heating allowance."

That is not " moaning"! That is stating facts!
Do you know the difference betwixt the two?

Now, stop moaning about me stating facts. Go and stalk some other individual and moan to them. Please leave me out of your petty grievances. And in the meantime, I suggest you try reducing that large chip on your shoulder.

Enjoy your bank holiday

Replied: 25th Aug 2024 at 15:59

Posted by: baker boy (15751)

there is a black hole to be filled and if pensioners dont get winter fuel payments so what ,;abour does not care.promises ,promises,promises thats all you get from starmer .how many of his pre-election manifesto intentions have to bite the dust, before folk start thinking any labour government aint so hot.

Replied: 25th Aug 2024 at 17:44

Posted by: Domin0 (732)

The stopping of the winter fuel is just one thing,if you have saved a bit for your old age,and have to go in a care home, then this government will take every penny to pay for it,when thats gone they take your house, this government are a lot worse than the torys.

Replied: 25th Aug 2024 at 18:20

Posted by: cheshirecat (1531) 

Posted by: Domin0 (681)
"if you have saved a bit for your old age,and have to go in a care home, then this government will take every penny to pay for it,when thats gone they take your house,"

The tories did that as well! Deprivation of assets has been going on for years. It was a loophole in the system. Bu,t they clamped down on it and made it a bit more difficult to avoid.

Replied: 25th Aug 2024 at 21:21

Posted by: Domin0 (732)

They have been charging people who had savings for a long time,but this is the first time a government has taken all their savings,they left an amount untouched, I dont know much, but I believe it was over £20,000.

Replied: 25th Aug 2024 at 23:33

Posted by: whups (14327) 

coming for a chap like you flipperhead it,s laughable . a chap who has,nt done a tap for more then 20+ yrs & fiddled everything under the sun . but dont worry fatty your time will come of that i,m sure .

Replied: 25th Aug 2024 at 23:50

Posted by: First Mate (2903)

domino
It's all about assets. If you have a house say at £100000 and savings of £25.000, you will pay the full cost of care until you fall below £23.000. Then you will get council help. The conservative introduced a policy where bye no one would be charge more than £86,000. Labour have done away with that.

Replied: 26th Aug 2024 at 00:11

Posted by: riocaroni (812)

It's a bugger when you get old,innit ?

Replied: 26th Aug 2024 at 09:58

Posted by: PeterP (12111)

When Yvonne was taken seriously ill last year I had a social worker called round to sort out for carers. The 1st thing I was asked did we have savings has anything over £23500 you have to pay for the carers in full. We had carers in 4times a day for 30 mins a time but because there were two carers that is classed as 1 hour 4 times a day times 7 days and you paid every 28 days= £2177 then towards her last month it went up to £2377.I applied for NHS Continuous Health Care but got turned down in January.When they sent Yvonne home on end of life (to die) This CHC was put into place the day after she came out of hospital and for 19 days I did not have to pay for her carers

Replied: 26th Aug 2024 at 10:49

Posted by: Domin0 (732)

Thanks FM, I knew there was a certain amount they did not take,it's a big drop from £86000 to £25000
though.

Replied: 26th Aug 2024 at 11:17

Posted by: Owd Codger (4011)

The latest comment from Kier Starmer to justify the ending of the heating allowance for many former hard working elderly working people is that the government are only taking it away from the wealthy.

Well Mr Starmer, my Wife and I who have worked hard all our lives and have had the heating allowance taken away by you and your fellow so called Socialists, we can assure you that like many of the other 350,000 affected who you keep telling to claim Pension Credit in the knowledge that they will not get it, we are anything but wealthy.

You are no better than the Tories!





Replied: 23rd Nov 2024 at 07:31
Last edited by Owd Codger: 23rd Nov 2024 at 07:55:23

Posted by: retep1949 (1361)

Labour could not define a “working person”,let us see how they define “wealthy person”

Replied: 23rd Nov 2024 at 08:55

Posted by: tomplum (14174) 

Like many others we will have to decide,

Eat or Heat,

Replied: 23rd Nov 2024 at 09:20

Posted by: Handsomeminer (3047)

OC you say your not wealthy,but are you poor that's the relevant point

Replied: 23rd Nov 2024 at 11:37

Posted by: tomplum (14174) 

To get pension credits you have to be poor , If the joint income to your household is less that £330 per week and you have less that £10.000 in savings ( which you would need for a funeral) , This gov't has set that as poor,,

Replied: 23rd Nov 2024 at 13:16

Posted by: cheshirecat (1531) 

Posted by: tomplum (13728) [View tomplum's page]
"To get pension credits you have to be poor"

Apply for it then, if you need to? Thats what it's there for, to help the poor!

Replied: 23rd Nov 2024 at 13:30

Posted by: riocaroni (812)

How many on here are desperate for £3.85 a week, cos that's all it equates too for the majority of folk? You're lucky if you can get a pint of beer for that.

Replied: 23rd Nov 2024 at 19:21

Posted by: Tommy Two Stroke (16559)

Then there is the £10 Christmas Bonus, the government really do push the boat out with generosity, giving out that payment LINK

That equates to just over 19p a week

Replied: 23rd Nov 2024 at 19:43

Posted by: cheshirecat (1531) 

Dont blame the present government. The previous government had 14 years to do something about it.

In fact I seem to remember the Labour government increased the amount to £70 / £80 temporarily?

Replied: 23rd Nov 2024 at 21:24

Posted by: Owd Codger (4011)

Sorry, but someone had to liven up the website by riling some of the Starmer fan club to reply!

Replied: 24th Nov 2024 at 07:53
Last edited by Owd Codger: 24th Nov 2024 at 08:29:49

Posted by: Tommy Two Stroke (16559)

Yes, we have a Socialist Pussy on the website

Replied: 24th Nov 2024 at 10:25

Posted by: cheshirecat (1531) 

Posted by: Owd Codger (3833)
"Sorry, but someone had to liven up the website by riling some of the Starmer fan club to reply!"

The only person getting riled up, is yourself!
You have been riled ever since you were infomed by Sir Keir Rodney Starmer that you will have to pay for your own turkey, tinsel and bingo winter jaunt to Benidorm instead of the government paying for it. Have you thought of starting a just giving page to help you out?

ps I'm not a fan of Sir Keir Starmer. In fact, quite the opposite

Replied: 26th Nov 2024 at 21:12

Posted by: Owd Codger (4011)

cheshirecat

If any former hard working pensioners go on winter holidays to Benidorm paid for by a heating allowance as you keep claiming, it is a drop in the ocean compared to the many who go on many holidays to more exotic and dearer places out of the many benerfits they get for not working for a living and paid for by the taxpayers!


Replied: 27th Nov 2024 at 07:48

 

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