I not so very long ago placed the reasons on why I would be voting to Remain IN the E.U.
and amongst the personal reasons I gave and Posted, was the worry I had that there would be a collapse in Share Prices, a run on the £, increased and accelerating mortgage interest. All of which would have big impact on Pensions and Pensioners.
Today the Prime Minister is saying this –
“But Mr Cameron told the Sunday Telegraph a vote to leave the EU would put a ” black hole in our public finances of between £20bn and £40bn” and ministers would be forced to re-examine pensioner benefits.
‘New austerity’
“We’ve made a special effort to protect pensioners,” he said – highlighting the “triple lock” which says the state pension will rise in line with earnings, inflation or by 2.5%, whichever is higher, and the protection of bus passes.
“We did all this in the expectation of a growing economy. But if we had a big black hole, we could struggle to justify this special protection any longer.
“In fact, even if we could justify it morally, it wouldn’t actually be affordable,” he said.”
