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I think this is certainly one part of the manifesto they've got spot on. A brave move, but the right one.
A granny with £10k savings living in an £80k flat is going to be protected now, whereas the granny with 50k savings living in a £400k home will not.
I know it's slightly more complicated than that, but on principle I've got no issue with this approach.
We're living longer and costing more as we do, the reality is it's either this approach that's needed going forwards or 'Logan's run', I know which I'd be voting for. |
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