Now First Time Buyer
   Go 
Latest First Time Buyer News
RSS Subscribe
Are Fine Art and Gold in Vogue During the Recession? - With nerves in shreds are we heading to gold By Ritchie Mehta (31/03/09) ...more
Falling Number of Job Vacancies - As the job market contracts the only glimmers of light are in the care industries. By Ritchie Mehta (31/03/09) ...more
Governments Decisive Action to Ban Short Selling Boosts Buy To Let and Self Cert Lender - Government intervention boosts the stocks of buy to let and specialist lenders. By Ritchie Mehta (20/09/08) ...more
First Time Buyers to hang around with Mum and Dad till their 30's - Skandia Report - The increasing average age of first time buyers ensure that Mums and Dads get to look after their children for longer. By Alex Ogilvie (19/08/08) ...more
Show Articles Published:
Range From
Range From
Close
SuMoTuWeThFrSa
First Time Buyer News and Articles
Our Great Welfare State
by Ritchie Mehta (31 August 2009)

In 1942, under the influence of William Beveridge, Britain was to be transformed into a ‘Welfare State’, which could tackle the five ‘giant evils’ that plagued our society. These were categorised as ‘disease, want, ignorance, squalor and idleness’ and lay the foundations for a post war Britain. These five ‘giant evils’ formed the basis of our welfare provision – with the creation of public sector housing, education, our renowned National Health Service and provision for the elderly. But today as we remind ourselves of the ‘five evils’ it is becoming apparent that Britain is falling short on ensuring our elderly can sustain a reasonable life without the prospect of ‘squalor’.

According to the latest report by the Work and Pensions Committee around 2 million pensioners live in poverty and have to decide between basic necessities such as food or heating. Perhaps a more chilling statistic is that since 1997, 260,000 pensioners have died due to cold-related illnesses. It would certainly seem that the British winters are not only cold and dark for many pensioners but also increasingly dangerous as the household bills get ramped up during this period.

This situation has put Britain at the heart of controversy as according to a report by the European Commission; our pensioners have the fourth highest level of poverty in Europe. British pensioners are currently worse off than their counterparts in countries such as Romania and Poland.

Is the situation likely to improve? With our nation sitting on a huge amount of public debt, coupled by recession, increasing unemployment and an ongoing banking crisis it looks like pensioners have been put further down the pecking order. In addition, with discussions in play of whether we should increase the pensionable age to 70, and many private and public institutions re-assessing their employees pension provision, it seems that things are only heading in one direction at the moment – down hill. One can only imagine what the late Beveridge would have made of this situation, our great ‘Welfare State’.

Post this article to:
MORTGAGE CALCULATOR
Mortgage Calculator from Now First Time Buyer
Add a rate change Please wait... This mortgage calculator is provided "as is". The results displayed should not be taken as a Financial Illustration. In no way does this tool constitute or contribute to professional advice. You should not assume that this represents an offer of any kind. By using this mortgage calculator you accept that the results provided are without guarantee. We recommend that you seek appropriate Independent Financial Advice before taking out, moving or renewing a mortgage.

By using the Calculator you accept this disclaimer and agree to the Terms and Conditions of this site.
Summary Schedule Charts
Add a rate change
First Time Buyer Articles
RSS Subscribe
Pensioners Property Fortune Around The Country - With plenty of talk about the rising cost of retirement, it may come as some surprise at the true value of "pensioner owned property" in the UK... By Ritchie Mehta (05/03/10) ...more
Are You Working Unpaid? - Ever feel like the working week feels longer than it should do? Chances are it's because it is if you are one of the roughly 900,000 people work more than 10 hours of unpaid overtime a week... By Ritchie Mehta (01/03/10) ...more
Retiring Abroad On A Budget - For those looking to retire on a budget, there can be plenty of tempting opportunities abroad, suiting even those with perhaps less of a pension than they had hoped... By Ritchie Mehta (23/02/10) ...more
Trends and Challenges In The Equity Release Market - Following a challenging 2009, recent reports suggest that industry insiders are positive that 2010 will see no further shrinkage in demand for equity release products... By Ritchie Mehta (18/02/10) ...more
The Inequality Gap Increases Post-Retirement - Latest reports suggest the pension gap between men and women is growing, with women receiving a pension of around 62% less a year than men. But what is cuasing this gap to grow?... By Ritchie Mehta (16/02/10) ...more
Show Articles Published:
Range From
Range From
Close
SuMoTuWeThFrSa
 
 
First Time Buyer Articles Archive
The Cost Of Kids (20/01/10)
The Budget (28/04/09)
 

Search Engine Optimisation Scotland Search Engine Optimisation Scotland - improving the nowfirsttimebuyer website page rank and position on Search Engines