Axminster Tools in administration.

[Adrian R2]

On Adrian R2 Said:

Only true for a private pension I’m sorry to say.

State pensions and healthcare are paid for out of day to day taxation, i.e. by those in work or running businesses now. What you paid in your NI and taxes while working was spent on the previous generation, there is no fund of money held or set aside.

No there is no personal allotment set aside, as you say. But one pays into the tax system all ones working life in the expectation that you will get some back as the age pension when your turn comes. Totally reasonable expectation.

[VicParticipant @vic]

They’re still introducing New Products.

[Michael GilliganParticipant @michaelgilligan61133]

… so perhaps the Administrators have done a good job.

MichaelG.

[Andy Stopford]

On Andy Stopford Said:

Please, let’s not have this nonsense about “work-shy” benefit recipients.

Over 40% of benefit claimants work – they just don’t get paid very much, not enough, in particular, to cover the rents charged by rapacious landlords. Some of the hardest-working people I’ve known have been in the low-wage category, and, as we discovered during the pandemic, some of those jobs are the most important to society.

Of the remaining 50-odd percent, once you’ve deducted those who are too old to work, those who are too ill to work, and those who are signing on whilst in between jobs (a substantial but ever changing cohort), you really don’t leave very many “work-shy” to demonise.

The government says it is investing money in getting young people into work, and has commissioned a review into “what’s holding the younger generation back”.

The CSJ used the Office for National Statistics’ Labour Force Survey, in combination with data from the Department for Work and Pensions, to analyse figures from before and after the Covid pandemic.

It said 707,000 graduates aged 16 to 64 were out of work and claiming one or more benefits in 2024, an increase of more than 200,000 – or 46% – since 2019.

About 8.3 million people claimed Universal Benefit in October 2025, according to government figures. Is that sustainable? Together with benefits cheats creating phantom claimants costing many £millions – I think not

Amongst other things I’m a retired health-care professional – a retail pharmacist working, very often, up to 7 days a week so have sympathy and understanding of those requiring help from the state, but there exists a considerable number of workshy claimants abusing the system.

As for rapacious landlords, just in case you’re making a point, I began by letting to Queen Mary London University students and later people on low incomes including some benefit claimants and I was charging below market rents for many years,  just up until the government chose to bring in new legislation as well as changing the tax regime.

Hugh                                                                                           Amadeal/HarrysMachineShop

[Nigel Graham 2Participant @nigelgraham2]

Umm, gentlemen, whilst we on here would probably be better world-put-righters than most them as paid to be that…

… this Forum is meant to be non-political!

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