In the UK, there are two evil monsters in the popular bestiary, the nanny state, and the crazed demon known as political correctness. In his budget yesterday [March 19th, 2014] George Osborne appeared to have struck hard at the nanny state monster and her grip over the pensions of hard-saving workers.
At a stroke he handed control of pension funds back to their rightful owners. And with awareness of confusions caused by that sudden liberation, the grateful pensioners will be able to receive advice from ‘independent advisors’.
Might some liberated pensioners go on a spending spree, and then end as a burden on the state? Not at all, Danny Alexander assured us, and he should know as a coalition partner of Mr Osborne. Savers are responsible people not feckless losers about to splurge their liberated cash.
Getting away from nanny
Anyway, he implied, there may be a few old reprobates who head off to Ibiza and limp home penniless (or Euroless). That is a small price to pay for shocking the country out of the domineering control of the nanny state.
And we all lived happily ever after
Or did we? Mythical monsters are not as easy to kill off as natural species like tigers or rhinos. The nanny state may retreat, wounded but not destroyed. There may be stories coming up about unscrupulous advisers charging for dodgy financial advice over dodgy financial products. I know that’s hard to believe.
The cynical BBC analyst Nick Robinson went so far as to suggest that the pension changes were targeted ‘with laser precision’ at older voters who might be tempted away from the conservatives by the seductive offers from Nigel Farage and his Ukipian vision.
Next stop political correctness gone mad
As George Osborne rests from his labours, the country awaits a champion to liberate us from the dominance of that other monster, political correctness gone mad. I am thinking of starting the anti political correctness party [APCP]. If willing, Boris Johnson would become its leader, or maybe post-Ukip, Nigel Farage.
Credit for nanny state image
Image is from the venitism blogspot