ALTMANN: The final betrayal as May forced to deny any plans to change government pensions ‘triple lock’

Philip Green is alive and well following radical plastic surgery:



mesnipI’d imagine most Waspi State Pension Age Reform victims will be throwing up over their dry breakfast toast this week, as the full extent of pensions “hero” Baroness ‘Jewels’ Altmann’s two-faced treachery comes to light. The self-pitying self-justification of this ghastly woman is not a pretty sight, but the hypocrisy is revolting. Question marks also remain above the heads of naive Waspi leaders who continued to believe in her. But broader doubts about government commitment to State pensions are growing as the revelations increase about what Osborne did, and those is power after 2020 want to do about pensions.

The News

Despite the attempt by  Ros Altmann to vinidicate herself from SPA blame in interviews like this one, it has become clear from government leaks over the weekend that Altmann specifically recommended the Triple Lock on ALL State Pensions be abolished because “the triple lock has fulfilled its purpose by boosting pensioner incomes to such an extent that retired households are no worse off than other age groups”.

As a result of this, May and Hammond were forced to get out this denial in mainstream and social media:


That represents a period of slightly under four years.

The ramifications

It could well be that, at long last, the rest of the population is beginning to catch on to what’s going on here. The potential crimes involved are so horrendous for the citizenry, it is impossible to exaggerate them:

  • Jewels Altmann’s bizarrely twisted idea of equalisation as a result of Triple Lock is suggestive of a devious nature. First, the pensions are only equalised because most working people are existing on rapidly falling wage levels as it is….levels deliberately obscured by the “full time job” data. Full time employment is now at an all time low vis a vis casual, second and zero-hours jobs. And second, if the lock is removed, they won’t stay equal for long, will they?
  • The myth continues that “there is no money left”, but The Slog and myriad other observers have shown over and over again how changed priorities, scandalously high unfunded Whitehall pensions and waste levels on other projects have left “no money” for pensions. Pensions come before harebrained rail schemes. It is up to the government of the day to sort this out, not demand that pensioners wait for their rightful share of the national cake.
  • Altmann’s hints that the medium term plan is to phase out ALL State Pensions over time is an act of staggering cynicism and embezzlement. First of all, although the government is increasingly rendering the concept of ‘National Insurance’ meaningless due to cuts, over six years in power, George Osborne charged twice as much for NI compared to his flow from income taxes. He gave the young more, and stole it from the old: there’s one in the eye for the ageists. Read the numbers.
  • Secondly – and even more important – to avoid a clear legal case of taking money under false pretences, the Government will have to stop charging NI immediately, or give all those who paid into it before the post 2020 guillotine comes down their money back in its entirety.  A delay in and of itself is legally dodgey: an annulation would represent open and shut embezzlement.
  • All future governments now find themselves in a constitutional pickle, but the warning for Waspis and other complainants is very clear indeed – all those involved please take note:


This issue is hotting up, but it will NEVER become too hot for the Government to handle until Waspis with support from a broad spectrum of citizens become infinitely more activist: in fact, radically in the face of these cheating spivs.

And yet again, to all of you in your precious Labour Party, none of us GAF about whether Smith or Corbyn gives us help….we just want you to extract you sawdust-filled heads from your factional backsides and give us some real help….as always, those already doing so excepted from this criticism.


31 thoughts on “ALTMANN: The final betrayal as May forced to deny any plans to change government pensions ‘triple lock’

  1. Okay: so what’s at the root of all these meanderings, these proposals?

    Simple: Britain doesn’t have any money left!

    That’s why they’re diddling people on pensions… begging for Chinese investment for power plants that British industry should have the money to invest… selling off precious technology in the form of ARM to the Japanese at knock-down prices…

    We’ll never get ARM back. But then, nobody thought about the ramifications of off-shoring industries to China. Nobody thought of the ramifications of bailing out the banks. Nobody thought of the ramifications of letting big industries pay microscopic levels of tax.

    It all seemed so sensible and reasonable at the time, didn’t it? And the wealthy blasted the public with the fact that it really was a good idea that wealth should go to the wealthy and the money from the public would ‘trickle down’.

    Ha, ha.

    Ever tried squeezing money out of a greedy man? You’ll have more luck with a poor man, because he knows what it’s like to be hungry. Greedy organizations like Google will walk a mile rather than pay an extra pound in tax.

    Liked by 7 people

  2. its a race to the bottom for those that are not already there. and the trickle down is them pissing all over the poorest.


  3. Gemma

    ARM Holdings was a private company, not owned by the Government. It was a listed company which the Japanese paid a significant premium for, relative to stock market price. It is up to shareholders to determine whether the market price was ‘undervalued’ sufficiently not to render a premium to be strategically ‘good value’.

    If they were professional investors, they are bound by statute to obtain the best return for their investors/shareholders. They are not tasked with getting the best 50 year return for Britain. The question therefore is whether they were good at valuing the true long-term prospects of ARM or not…..

    One of the things with ‘free market capitalism’ is that foreigners can engage in it and buy things in this country. Our country is now about starting small things and selling them off to foreigners before they get really big. That’s great for entrepreneurs and bad for those who want jobs in stable industries.

    That’s an issue of politics: whether Governments/UK pension funds should hold things deemed ‘strategically valuable’ even if short-term financial gains might dictate otherwise. Once again, this is the disconnect between the narrow interests of private capital and the greater interests of a national society. Different people will hold different views….

    Liked by 2 people

  4. @ Gemma.’Britain doesn’t have any money left’. Regrettably, You have hit the nail on the head. After 19 years of economic incompetency from Oxford PPE types, combined with the delusions of the one eyed Scotsman with a PhD in the history of the Scottish trade unions,are you surprised? The borrowing requirement, like the balance of payments deficit, is ignored. We are long overdue a Healey moment at Heathrow, and the cancellation of third runways, second HS railways, and white elephant nuclear power stations. Expect an autumn sterling crisis!

    Liked by 3 people

  5. Gemma
    Oi wuz wundring if oi wood see yous on the WASPI calendrer? Oi luving it when yous torking power woman loik abuv.
    Will yous be waring sumthing very sexy in black? It must be your hormones whot making you so butch torking.
    Thanks luvley.


  6. JW, all state insurance or pension schemes are Ponzi schemes. The resiling from past promises is occurring in not only the UK. The US social security scheme already on the verge of insolvency if realistic forward estimates are used. Cities like Chicago are forced to raise taxes to plug pension gaps forcing businesses to leave in order to remain competitive. Germany’s leadership opened it’s borders to young refugees to try and right the demographic consequences of declining birt rates which would, in Schauble’s words, result in Germany becoming inbred and degenerate.
    The fundamental problem is that too many promises have been made to too many groups for the government finances to support. The electorate is more too blame than the slimy types that made these false promises. So, the government needs to find soft targets to save money.
    The Waspis are seen as a soft target and have proven to be so. Unless they start getting nasty and threaten the phony baloney careers of those making the decisions they will get nowhere. The impression I get is that the Waspis are just not tough and dirty enough to win their cause. Alas such is the calculus of politics.

    Liked by 2 people

  7. Gemma, William,
    It’s not only Britain that has no money left (well, if you don’t include pressing the zero on the electronic money printing press as quickly as one can). Between them, the BoE, Fed, BoJ and ECB are ‘stimulating’ at $180 BILLION each month;

    Much as I think Carney is as bad as the rest of them (another ex Goldmanite who left Canada with its – at the time – worst housing bubble and Canada with its worst debt to GDP ratio if I remember correctly) at least the BoE is not being as insane as the ECB and BoJ (andeven the BoJ resisted pumping even more into the system at the end of last week due to dissenting voices FINALLY!).


    Liked by 1 person

  8. William thankyou.


    You are entirely correct, and it is to Britain’s overall detriment that this company has been ‘disposed of’ in the manner you describe.

    Becuase they were not “tasked with getting the best 50 year return for Britain,” were they? Because if they were, they’d have held onto it, as they would have held onto so much more… If they had looked to the best 50 year return for Britain they’d have demanded a good deal more. That firm sprang from British intelligence, and the profits from that should be retained for future generations.

    But that’s Britain for you. Sell it cheap because unlike the Japanese, you’re not looking to the future of your businesses.

    Britain’s manufacturing isn’t looking pretty:

    The sterling crisis William is expecting may arrive a little sooner…

    Liked by 2 people

  9. Gemma
    Britain would have MORE money if it wasted less on egos, NATO wars – & EU contributions on which ALONE is loses £80bn a year.
    But as I’ve shown on many, many occasions, even after all that idiocy, Britain has plenty of money left. It just chooses to give it to the undeserving rich rather than deserving pensioner women.

    It would help at times as well Gemma, if you didn’t sound quite so thrilled about our situation, and slightly less triumphalist in the way you tell us how perfect Germany is.

    Liked by 2 people

  10. I don’t give a flying sexual intercourse if everyone’s in the same boat, I just object to throwing the pensioners over the side while the fatties sink the lifeboat by staying in and getting fatter.
    Everyone has the explanation, but nobody has the balls or energy to do what needs to be done: take the stolen money back.

    Liked by 4 people

  11. In a list of 29 countries in the Organisation for Economic Cooperation and Development, between 2007 and 2015 in the UK, real wages – income from work adjusted for inflation – fell by 10.4%. That drop was equalled only by Greece
    Real wages grew in Poland by 23%, in Germany by 14%, and in France by 11%. Across the OECD, real wages increased by an average of 6.7%.

    Liked by 4 people

  12. @Gemma.. short term is the only goal of ‘free market capitalism’. While this THING has no problem with printing or creating $180 billion a month to disguise bankruptcy thus debauching the common currency for the benefit of rich people and to the detriment of the poor. The one song that all the financial swindlers sing is ‘i have done nothing illegal’. That seems to be the primary purpose of the law. So ‘free market capitalism’ is the same as a swindlers wet dream..

    Liked by 6 people

  13. No he isn’t, see my earlier thread.
    I’m sorry to get ratty about this, but it’s bollocks: read the pop stats and divided them by the number of overbonused, overcapitalised and overgreedy businessmen, civil servants, banks, retailers and multinationals there are – tax, pricing and pension cheats every last one.
    You’re all being far too reasonable. Show more anger and less bloody respect.

    Liked by 2 people

  14. JW

    So, Britain has lots of money. The problem is that industrialists are sitting on it. Not only that, they don’t want to pay it to the government in the form of taxes, do they??? They’ll keep it, thankyou very much. So the British government ‘borrows’ it from the BoE instead (borrow = print) and gives that away to their friends, the rich and powerful.

    It is true that Britain spends too much on armaments, but then, Britain has always pushed its economy by ‘punching above its weight’ – that is to say, through force of arms. Two new aircraft carriers, albeit modest ones by modern standards, will further this approach. Thinking of which, does anybody know if Britain can afford the aircraft for them yet?

    Now: where did I speak of Germany in this thread? I can understand your distaste for Germany; however I happen to know their weak points – and they are not those that are peddled in the mainstream media!


  15. JW.. Leave Gemma alone. she s telling it as it is. And most times the truth hurts!

    Comnendations on your continuing lone battle in favour of the Waspis however. Why don t you put yourself up for election as their leader? You re clearly already their standard bearer……


  16. The NI is an even higher tax take than is described in Collinson’s article. He forgot the employer’s NI contributions which form part of the cost of payroll. After corporation tax relief on those contributions they net down to approximately a further 10% making the effective starting rate of tax 42%. This is highly regressive and has had to be addressed (partly) by the bureaucracy of tax credits.

    Liked by 2 people

  17. Carroccio
    As long as Gemma talks tripe about something (and she doesn’t about most things) she will get an earful from me. She does not and never has understood the British menality, who owns what and where it goes. We are failling through greed, not want – and it is mathematical nonsense to suggest anything else.

    Liked by 2 people

  18. Bravo! I couldn’t believe it when I saw her on tv saying it. I thought, “Am I hearing right?”

    I’m unclear: if the Pension Protection Fund protects BHS pensioners from Green’s theft of their pensions, would it not protect us from George Osborne’s theft of ours?


  19. JW

    I do wish people would read my comments with the care with which they were written!

    When you say

    We are failling through greed, not want – and it is mathematical nonsense to suggest anything else.

    Please read the following very carefully and consider what it implies:

    The problem is that industrialists are sitting on it. Not only that, they don’t want to pay it to the government in the form of taxes, do they??? They’ll keep it, thankyou very much.

    What else is this but greed???

    So when you say She does not and never has understood the British menality, who owns what and where it goes. Remember that I know the English well enough to know their shortcomings, just as I do the Dutch, Germans and the French. If one can understand their shortcomings, their mentality will be the clearer. After all, the last crash didn’t start in Frankfurt, did it? It started in a quiet backwater in the City of London – anybody who knows the mentality of the British will understand why.

    Carroccio Thankyou.


  20. @ HaroldlR –
    “Germany’s leadership opened it’s borders to young refugees to try and right the demographic consequences of declining birt rates which would, in Schauble’s words, result in Germany becoming inbred and degenerate.”

    Is Schauble really expecting those young Muslim refugees to interbreed with Germany’s non-Muslim, dare-one-say-it “Aryan” women? This sounds like Hitler in reverse. And if they don’t, and largely marry their own ‘kind’, won’t there be a risk, as in certain Muslim populations in Britain, not only of ‘inbreeding’ but increasing two parallel unassimilated societies? Merkel of course is camouflaging this short-term policy under the guise of saving humans in distress, not as an act of self-interest, and is thereby breaching her primary duty of protecting the security of her own people, in order to keep the German economic machine dominant in Europe.

    Liked by 1 person

  21. my understanding is the 2007 crash started in mid June, in the USA, when a Mr. Thin asked the seller why he should buy more mortgage-backed debt which had been chopped up and sliced to hide the rubbish. On being told that the seller knew best and that he should buy because of that, the wonderful Mr. Thin said ‘no more.’ He then told those in his office not to buy anymore of that debt… from this one falling stone a huge avalanche eventually started… the next one is likely to begin when someone somewhere prints to much fiat. Or maybe someone will not pay something to someone else, so fragile is it now.
    don’t let them tell you it started in 2008.. it was mid 2007..

    Liked by 3 people

  22. Gemma
    I was in my hammock this afternoon reflecting on things.
    You remind me of an early girlfriend who had attitude more than I could substantiate. In the end I asked myself. Shall I just bend her over my knee and give her a gentle spanking with a feather duster and tickling her fanciful?
    Guess what happened….


  23. Desmond

    “when a Mr. Thin asked the seller why he should buy more mortgage-backed debt which had been chopped up and sliced to hide the rubbish”

    I doubt if many of the sellers knew or cared what they were selling: these are Americans, after all. If there’s a buck to be made, make it. After all, the banks weren’t trumpeting the fact that their AAA rated assets were EE- were they? That only emerged later, when the ponzi-scheme eventually started to unravel.

    It was the Insurance Giant, AIG (if I’ve spelled that correctly) that started it all off. What’s more, it was their London subsidiary where it began.

    John Ward

    Is that you, or is it your troll? Because if it is you, you’re beginning to sound rather strained in the way trolls do.

    It’s a case of knowing just how tender certain parts of the male anatomy actually are. When a troll makes that kind of suggestion, it’s a case that moments later, he’s bent over double, clutching his schmucks because he’d suggested something about me being bent over his knee…


  24. apologies JW, please don’t ban me as i read your blogs most days because i see a lot of sense in most of what you write… i am sorry to say i am inclined to rant sometimes when i’ve drunk to much..


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