(no subject)

Dec 16, 2008 06:47

Just read this news story about overpayments that had been made to civil service pensioners and I am still mouth-open aghast just thinking about what this is going to mean.

To put some context in, we see quite a few people at the CAB who are in heavy debt due to tax credit overpayment -- ie. they were paid too much and the inland revenue want it back, but not realising it was an overpayment they already spent it and so can't pay it back. Now it puts the government in a tricky position because they will want to claw some of the money back if they can, but it's horrible press to see lots of pensioners on the breadline or in debt because of something that (rightly or wrongly) isn't their fault.

I expect to see pensions getting reduced for these people, and just like when people get made redundant, if they'd been used to budgeting on a higher income there could be a lot of trouble brewing. And that's assuming that xafinity don't try to recoup their losses.

I assume there will be some kind of megamassive fine for the company involved, but right now the government won't want to be bankrupting them because they're a large employer too.

I have a bad vibe.

And they'd been overpaying for /30 years/.
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