Skip to main content
Donate to the 95 years appeal
State pensions: a diminishing ‘benefit’ under the Tories
What was once common sense to both major parties – that we all pay a little of our wages to receive a pension when we are too old to work – has been viciously undermined by decades of neoliberalism, explains NICK WRIGHT
A pile of one pound coins

TWO days ago my state pension went up in lockstep with the inflation figures for last year.

Useful, if not really keeping pace with the basket of price rises that devalues the average pension, but, raised in line with the Tories’ electorally effective “triple lock,” it is an effective marker of the ways in which the weekly income of working people and pensioners loses its value.

But it is not a bloody “benefit” — at least in the reworked meaning of that word. I paid for it with National Insurance deductions from my wages over decades. The proof is brought home with the carefully annotated reminder that my state pension is a bit higher than otherwise might be the case when I paid Barbara Castle’s enhanced State Earnings-Related Pension (Serps) contribution.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
Reform UK leader Nigel Farage is accompanied by councillor Brian Collins (left) and the Head of Kent County Council, Linden Kemkaran (right) as he poses for a photo with members of Kent County Council, County Hall, Maidstone, July 7, 2025
Features / 17 July 2025
17 July 2025

Holding office in local government is a poisoned chalice for a party that bases its electoral appeal around issues where it has no power whatsoever, argues NICK WRIGHT

Re your message in #nujchapel:  If we website looks like shit, no-one is going to take us seriously, or be inclined to subscribe - that's why I think we have to prioritise the way it looks, especially when the site (editorial-wise) is largely working.  When it comes to the issues you mentioned to me the other day (word count, curly quotes, bylines), there are quick and easy work arounds for them (copy and paste text into BBedit, Word, Pages, wordcount.com, etc. Leave curly quotes, bylines, etc to the web de
Democracy / 2 July 2025
2 July 2025

From Gaza complicity to welfare cuts chaos, Starmer’s baggage accumulates, and voters will indeed find ‘somewhere else’ to go — to the Greens, nationalists, Lib Dems, Reform UK or a new, working-class left party, writes NICK WRIGHT

Jack Murillo, a Marine veteran, holds a sign in front of law enforcement guarding a federal building on Tuesday, June 17, 2025, in Los Angeles
Features / 19 June 2025
19 June 2025

There is no doubt that Trump’s regime is a right-wing one, but the clash between the state apparatus and the national and local government is a good example of what any future left-wing formation will face here in Britain, writes NICK WRIGHT

Christine Lagarde, President of the European Central Bank, delivers a speech about Europe's role in a fragmented world in Berlin, Germany, May 26, 2025
Trump's Tariffs / 5 June 2025
5 June 2025

European Central Bank chief Christine Lagarde sees Trump’s many disruptions as an opportunity to challenge the dollar’s ‘exorbitant privilege’ — but greater Euro assertiveness will also mean greater warmongering and militarism, warns NICK WRIGHT

Similar stories
ANGER GROWS: Protesters demonstrate in Dover against migrant
Features / 10 April 2025
10 April 2025
The left must confront both far-right bigotry and the undeniable problems the exploitation of migrant workers by the ruling class creates — but there are few lessons from the global left on how to strike this balance, laments NICK WRIGHT
Farmers protest in central London over the changes to inheri
Features / 21 November 2024
21 November 2024
NICK WRIGHT sets the record straight on the controversy that has been whipped up by wealthy right-wing windbags like Clarkson and Farage, which will only really affect a tiny minority of super-rich land hoarders
DOUBLE BIND: A woman working from home during the pandemic
Book Review / 28 August 2024
28 August 2024
FIONA O'CONNOR endorses an examination of how current neoliberal policies sweep social care and welfare burdens into hidden abodes and increase exploitative pressures, particularly on working-class women