It’s predicted that we pensioners with have to pay NI plus other ways of grabbing our cash.

I understand that NI starts at about £240 odd earnings per week at about 8%. If employed.

Those of us that benefit from a private and or works pension plus the State one will be hit so if your pensions are say £500 per week you could have to fork out say £20 per week. No doubt they would adjust the rates etc to get more money!

As Harrogate is a more affluent area there are a lot of better off pensioners. That is probably why there are a lot of pubs and restaurants open ( and I do mean a lot)

Any additional money like NI taken from pensioners could well mean that they cut down their entertainment expenses and that would hit all the pubs etc. and cause maybe closure of some.

You then end up loosing money from staff the worked in the pubs.

We pensioners have in the past had rainy day money. My parents did and so do we. If for nowt else our funerals.

Way back our parents and grandparents used to keep money CASH in say the wardrobe of up in the loft.

I remember in 1984 asking mum after Dad died where were the Gold Sovereigns that Dad had. I knew where they used to be kept.
I was sorting out for probate. He had sold them a few years earlier.

These days money is in banks and other things like ISA’s

Now that money is not “ dead money” it’s used by banks etc to fund business etc to help the economy and thus the workforce who pay employment taxes.

It the same for wealthy people, money goes into banks etc. and funds business etc.

It’s said that thousands of Millionaires have up sticks and gone abroad taking their money with them. So the economy takes a big hit. Effectively you shoot yourself in the foot as far as the economy is concerned.

If a wealthy person buys a new Roll Royce it’s often frowned on, but that money goes on to pay employees and fund other parts of the company. Money makes money and makes the world go round.

Back in 1967 I won what I thought was a Fiver, Ann phoned me at work and said your cheque has arrived.

When I got home she gave me the cheque, it was for £1,600 so we paid off loans and replaced our car, residue into the bank. The start of our rainy day fund.

Unless you have cash or gold bar hidden away your money is working for the economy in some form.

Allan C.