Privatisation And Tax

In 2013 the government is making it compulsory for companies to provide private pensions to everyone; individuals will be automatically subscribed (thereby receiving monthly deductions from their wages) unless they opt out. This has the long-term intention of phasing out state pensions, allowing the government to save money. But will people who take up the offer of a private company pension - or rather, don’t make the effort to opt out - therefore pay less tax as it will no longer be required to pay for the state pension scheme? … Doubtful. The Tories tend to only cut taxes for rich people and businesses. The extra money saved will probably be re-invested into ‘infrastructure’ projects that affect national and international trade rather than local communities. Rather than saving hard-working people a bit more cash, we will instead see further developments of a third runway at Heathrow and high-speed rail that will demolish a great deal of countryside. Don’t be deceived by David Cameron saying that he will stick to his manifesto pledge of no third runway; the two year consultation period would allow him to reconsider his position by the time the next election (and new manifesto) comes around. There is a chance that I’m being overly cynical, I do have bouts of that! But I don’t like the way that pensions are being forcibly privatised, it smacks too much of Thatcherism.